Major stock markets in the United States opened lower on Monday after the Dow Jones lost 300 points in premarket trading. The Nasdaq 100 fell as much as 2.48%, reaching its lowest level since September. Investors remained on edge as March came to a close, with attention focused on upcoming tariff measures set to take effect on Wednesday, a date President Donald Trump has called "Liberation Day."
The administration plans to impose a 25% tariff on all cars not made in the United States. Trump has also emphasized that reciprocal tariffs will hit all countries, raising concerns about potential trade tensions and market volatility.
At 9:30 am ET, the Dow Jones Industrial Average index lost 0.76% or 317 points with Amazon falling by 3.03%. The S&P 500 decreased 1.07% with Moderna Inc nosediving 8.93%. The Nasdaq 100 started the session losing 1.52% and shortly after sank 2.48% as Applovin Corporation dipped 6.01%. The euro traded 0.12% lower against the dollar at 9:28 am ET to sell for $1.08177.
