Major equities in the United States traded sharply lower during Wednesday’s premarket session, as investors and the rest of the world braced for sweeping tariffs introduced by President Donald Trump, who declared April 2 "Liberation Day." On the data front, the day will bring the latest figures on employment and mortgage applications in the country, along with the report on new purchase orders for manufactured goods.
The Dow Jones Industrial Average slumped 0.28% at 4:25 am ET, while the Nasdaq 100 lost 0.43% and the S&P 500 dropped 0.37%. A minute later, the euro traded flat against the dollar to change hands for 1.07952.
