Wall Street faces another sell-off, with Nasdaq Composite now 10% below its peak amid escalating tariff concerns and a downturn in AI stocks. The S&P 500 fell by 1.8%, Nasdaq dropped 2.6%, and Dow Jones decreased by 1%. Despite President Trump's temporary tariff reprieve, market uncertainty persists, fueling fears of a global trade war that could harm economies and exacerbate inflation. The situation continues to evolve, requiring close monitoring as major tech stocks bear the brunt of investor concerns.
Another sell-off on Wall Street saw the Nasdaq composite dive 10% below its record as fears around tariffs rise and AI stock values decline.
The S&P 500 lost 1.8%, while the Nasdaq composite sank 2.6% and the Dow Jones dropped 1%. The markets reacted negatively despite Trump's tariff reprieve.
Concerns over a potential global trade war have contributed to the market's volatility, leading to significant losses in key tech stocks.
The market's reaction underlines the ongoing uncertainty about economic stability and inflation, compounded by the recent downturn in AI stock performance.
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