Major Wall Street stock markets traded lower at the opening bell on Thursday, ending yesterday's surge driven by the decision to delay the sweeping new tariffs on most countries for 90 days. Meanwhile, investors still assessed the risk from the emerging trade confrontation between the US and China, in the wake of President Donald Trump's decision to hike the tariff imposed on the latter country.
The Dow Jones fell 1.73% or 720 points after Nike sank 6.73%. The Nasdaq 100 dropped 2.66% with Microchip Technology plunging 8.62%. The S&P 500 declined 2.16% with CartMax Group crashing 15.06%.
On the currency front, the euro rallied against the dollar, gaining 1.54% at 9:28 am ET and sold for $1.11172.
