US stocks opened on a grim note in New York, with the Morningstar US Market Index down as much as 3.6% in early trading. Stocks were briefly more than 2% in the green, seemingly on rumors of a pause in the implementation of tariffs, but they quickly fell lower again.
The Nasdaq 100 was 1.8% lower in midmorning trading, while the S&P 500 was down 2.0%. The “Magnificent Seven” stocks continued their declines from the previous week, with Nvidia NVDA down 1.9%, Tesla TSLA down 6%, and Apple AAPL down 4.5%.
Since the imposition of Trump Tariffs.
As of 10:19 AM Pacific Coast Time
DJIA
37,447.63-5,096.59 (-11.98%)
S&P 500 Index
4,973.86-907.77 (-15.43%)
Nasdaq 100 Index
17,165.05-3,847.12 (-18.31%)
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