US stocks drop after Trump ramps up his tariffs and investors dump potential AI losers
US stocks drop after Trump ramps up his tariffs and investors dump potential AI losers is drawing significant interest across the industry.
U.S. stocks slumped after President Donald Trump ramped up his newest tariffs, while investors continued to punish companies that could be losers in the artificial-intelligence revolution. The S&P 500 sank 1% Monday. The Dow Jones Industrial Average dropped 1.7%, and the Nasdaq composite fell 1.1%. Cybersecurity and software stocks fell to some of the market’s sharpest losses on worries AI-powered rivals could undercut their profits. The U.S. dollar’s value edged lower against other currencies, while gold continued to rise as Trump’s latest tariff move raised uncertainty. Bitcoin briefly fell below $64,000 but remained above its low point reached earlier this month. Treasury yields sank.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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