US stocks sink again as more companies detail damage they’re taking because of Trump’s trade war

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US stocks are sinking Tuesday as AI mania on Wall Street loses more steam and as more companies scrub their forecasts for upcoming profits because of uncertainty created by President Donald Trump‘s tariffs. The S&P 500 was down 0.5% in afternoon trading and on track for a second drop after breaking a nine-day winning streak, its longest such run in more than 20 years. The Dow Jones Industrial Average was down 198 points, or 0.5%, as of 12:32 p.m. Eastern time, and the Nasdaq composite was 0.6% lower.

Palantir Technologies was one of the heaviest…



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US stocks sink again as more companies detail damage they’re taking because of Trump’s trade war


US stocks are sinking Tuesday as AI mania on Wall Street loses more steam and as more companies scrub their forecasts for upcoming profits because of uncertainty created by President Donald Trump‘s tariffs. The S&P 500 was down 0.5% in afternoon trading and on track for a second drop after breaking a nine-day winning streak, its longest such run in more than 20 years. The Dow Jones Industrial Average was down 198 points, or 0.5%, as of 12:32 p.m. Eastern time, and the Nasdaq composite was 0.6% lower.

Palantir Technologies was one of the heaviest…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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