Market Opens with Caution Amid New Tariff Announcements

As the opening bell rang on Wall Street this Thursday, major stock equities presented a mixed performance, with trade policies taking center stage. President Donald Trump's latest move to impose a 50% duty on copper and a similar 50% tariff on Brazil has injected a fresh wave of uncertainty into global trade dynamics.

Jobless Claims Data Offers Little Surprise

Meanwhile, the latest figures on initial jobless claims showed minimal deviation from expectations, providing little new insight into the state of U.S. unemployment.

Stock Performances Highlight Sector Variations

The Dow Jones experienced a slight decline of 0.14%, impacted by a 1.92% drop in Verizon Communications shares. In contrast, the Nasdaq 100 saw a modest gain of 0.15%, buoyed by Advanced Micro Devices' impressive 3.92% rise. The S&P 500, however, remained unchanged, reflecting the market's cautious stance.

Currency Movements Reflect Market Sentiment

On the currency front, the euro weakened against the dollar, losing 0.17% to trade at 1.17008 by 9:29 am ET, underscoring the day's risk-off mood.