Tariffs and Tumbles: Wall Street's Rocky Opening

Wall Street's main indexes opened lower as President Trump announced new tariffs, causing auto stocks to plummet. Investors also had to navigate numerous economic indicators. By 9:30 a.m. ET, major indexes like the Dow Jones, S&P 500, and Nasdaq Composite experienced notable declines.

Wall Street's major indexes registered a lower opening on Thursday following President Donald Trump's announcement of new tariffs, which impacted auto stocks significantly. This latest twist from the President sent ripples across the trading floor, creating a sense of unease among investors.

As traders reacted to the fresh round of tariffs, they were also digesting a myriad of economic indicators that influenced market sentiment. The combination of geopolitical and economic factors contributed to a volatile start for the financial markets.

By 9:30 a.m. ET, the Dow Jones Industrial Average had dropped 110.22 points, marking a 0.26% decrease to 42,344.57. The S&P 500 witnessed a fall of 16.77 points, a dip of 0.30%, to settle at 5,695.16. The Nasdaq Composite was not spared, losing 67.55 points, or 0.38%, to reach 17,831.47.

(With inputs from agencies.)