Market Turmoil as Dow Jones Slides

In a startling start to the trading day, the Dow Jones Industrial Average plunged by 650 points, marking a significant downturn. This dramatic drop was fueled by recent data indicating the U.S. economy contracted in the first quarter of 2025, alongside disappointing private payroll figures that fell short of expectations.

Tech and Sectors Hit Hard

Technology stocks were among the hardest hit, with Nvidia and Applovin seeing substantial losses. The Nasdaq 100 and S&P 500 also experienced sharp declines, reflecting widespread market unease.

Currency Movements

Amid the market's volatility, the euro slightly weakened against the dollar, trading at 1.13693 by 9:29 am ET.