Summary
U.S. stock markets fell as President Donald Trump increased tariffs to 15% following a Supreme Court decision. Investors are worried about how these tariffs and potential AI challenges will affect various companies. Key tech and airline stocks experienced notable declines.
Key Facts
- President Trump announced a temporary 15% tariff on other countries' imports.
- The S&P 500 index dropped by 1%.
- The Dow Jones Industrial Average decreased by 821 points, or 1.7%.
- The Nasdaq composite fell by 1.1%.
- South Korea's trade minister expressed concerns about U.S. tariffs.
- Companies affected by AI competition saw stock declines, such as CrowdStrike and AppLovin.
- U.S. airlines like United, American, and Delta faced losses due to flight cancellations.
- Novo Nordisk's U.S. stock fell sharply after disappointing trial results, while Eli Lilly's stock rose.
