Market Tremors: Wall Street Awaits Tariff Details

U.S. stock markets opened significantly lower on Wednesday as traders eagerly awaited President Trump's tariff announcements. The Dow Jones, S&P 500, and Nasdaq Composite all saw notable declines as investors fretted over potential impacts on the global economy, corporate profits, and inflation rates.

U.S. stock indexes experienced a steep downturn on Wednesday as the financial world watched for U.S. President Donald Trump's tariff details, keenly assessing their potential influence on the global economy.

Investors' anxiety was palpable as all major indexes experienced declines. The Dow Jones Industrial Average dipped by 342.35 points, closing at 41,647.61, marking a noticeable loss of 0.82%.

Similarly, the S&P 500 shed 57.65 points, representing a 1.00% decrease to 5,577.02, while the tech-heavy Nasdaq Composite plummeted 241.23 points or 1.38%, landing at 17,208.66 amid rising uncertainty.

(With inputs from agencies.)