The US stock market fell sharply on Monday after President Donald Trump raised the global tariff rate to 15% for U.S. imports. The Dow Jones Industrial Average was heavily affected by this move, which followed a Supreme Court ruling against his previous levies.
However, not all stocks performed poorly. Kinross Gold (KGC) and other gold mining companies saw an uptick in value due to the increased demand for gold. On the software side, cybersecurity stocks took a hit as investors worried about artificial intelligence fears.
On the tech front, Nvidia faced both positive and negative news. The company’s earnings are expected soon, and its stock is poised for a bounce. Meanwhile, AI-related stocks are struggling, with many experts warning that the market is vulnerable to “AI doomsday” narratives.
Source: https://www.investors.com/market-trend/stock-market-today/dow-jones-sp500-nasdaq-trump-tariffs-novo-stock