Market Reaction to Trump's Tariff Announcement

On Tuesday, the United States stock markets closed mostly flat, reacting to President Donald Trump's firm stance on implementing tariffs without further delays. This decision has put investors on edge, as the August 1 deadline looms closer.

Index Performances Highlight Sector Vulnerabilities

The Dow Jones Industrial Average experienced a slight decline, dropping by 0.37% or 165 points, largely due to a 3.41% slide in Nike Inc. shares. In contrast, the Nasdaq 100 and S&P 500 remained unchanged, showcasing the market's mixed reactions to the ongoing economic policies.

Euro Gains Against the Dollar

Amid these developments, the euro saw a modest increase against the dollar, rising by 0.13% to $1.17236 by 4:01 pm ET, reflecting the global financial markets' nuanced response to US economic announcements.