Market Turmoil as Dow Jones Drops Significantly

In a dramatic close on Tuesday, major U.S. stock exchanges witnessed significant losses, with the Dow Jones Industrial Average falling nearly 400 points. This downturn reflects growing investor anxiety over President Donald Trump's steadfast trade policies and ongoing tensions in the Middle East.

Trade Policies and Middle East Crisis Stir Market Unease

President Trump's announcement that he would not lift tariffs on Canada, regardless of Canadian Prime Minister Mark Carney's appeals, has further fueled market uncertainty. Meanwhile, the Houthis' denial of claims that they would cease fighting adds to the geopolitical tensions affecting investor sentiment.

Stock Performances Highlight Market's Volatile Day

The Dow Jones closed down 0.95%, with Merck leading the losses by sliding 4.59%. The Nasdaq 100 wasn't spared, dropping 0.88%, as Palantir's shares plunged 12.05% following its earnings report. The S&P 500 also ended the day 0.77% lower, with Moderna experiencing a significant 12.25% drop.

Amidst the stock market's turmoil, the euro gained 0.50% against the dollar, trading at 1.13725 by late afternoon ET.