By 
It’s been a tumultuous start to the week on Wall Street, with US stocks taking a hit amidst a double whammy of President Donald Trump’s latest tariff moves and ongoing investor jitters about the future of companies in the age of artificial intelligence.
The markets reacted sharply to news that President Trump is escalating his tariff threats. On Saturday, he announced plans to implement a temporary 15 percent tariff on goods from other countries, a notable jump from the 10 percent rate he had only just unveiled on Friday. This rapid increase comes after a Supreme Court ruling struck down his ambitious ‘reciprocal’ taxes on imports, showcasing a quick pivot to more aggressive measures.
By Monday afternoon, the S&P 500 had already sunk 0.8 percent. The Dow Jones Industrial Average was down a significant 659 points, or 1.3 percent, by 1:25 pm Eastern time, while the Nasdaq composite also dipped 0.9 percent. This quick escalation by the administration underscores the lingering uncertainty plaguing the global economic outlook, even as the Supreme Court has reined in some presidential authority.
Beyond the trade tensions, the specter of artificial intelligence continues to loom large over investor decisions. Companies perceived as potential ‘losers’ in the rapidly evolving AI landscape are finding themselves under increasing pressure, as the market begins to sort out the winners from the laggards in this technological revolution.
With a 15 percent tariff potentially lasting up to 150 days (unless Congress intervenes), and the AI revolution reshaping industries, investors are clearly on edge. The combination of unpredictable trade policies and the disruptive force of AI is creating a volatile environment, making for a challenging start to the trading week.
Source: Original Article
Comments