At approximately 14:50 in Lisbon, the Dow Jones Industrial Average dropped by 3.56%, echoing Friday’s performance with losses exceeding a thousand units (1,364.69 points), reaching 36,950.17 points.
Simultaneously, the Nasdaq Composite decreased by 3.93% to 14,974.51 points.
Similarly, the S&P 500 fell by 3.46% to 4,898.37 points, with notable negative performances from some of the so-called ‘magnificent seven’ — Tesla and Apple stood out at the start for declines.
During the same period, European stock exchanges fell between 4.5% and 5.3%.
These European markets followed the downward trend of their Asian counterparts, which plummeted earlier today.
On Friday, the Dow Jones ended with a decline of 5.50% to 38,314.86 points, compared to its all-time high since the index’s inception in 1896, which was 45,014.04 points on December 4, 2024.
The Nasdaq, known for high-tech listings, closed down 5.82% at 15,587.79 points, against its all-time high of 20,173.89 points recorded on December 16, 2024.
The market continues to be affected by the implementation of tariffs imposed by U.S. President Donald Trump on the country’s trade partners and retaliatory measures announced by China, which may be followed by other major economies, including the European Union (EU).
