Market Reacts to Trump's Tariff Announcement

In a significant market movement, the Dow Jones Industrial Average experienced a sharp decline, dropping by 1.17% or 525 points, following President Donald Trump's announcement of new tariffs targeting countries affiliated with BRICS and a formal decision to impose a 25% levy on Japan and South Korea.

Nasdaq and S&P 500 Follow Dow's Lead

The Nasdaq 100 wasn't spared, plunging by 0.91% or 207 points, while the S&P 500 also saw a decrease, losing 0.96% of its value. This market reaction underscores the immediate impact of trade policies on investor sentiment.

Euro Dips Against the Dollar

Amidst these developments, the euro weakened by 0.42% against the dollar, trading at $1.17248. This shift reflects the broader implications of the new tariffs on global currency markets.