New York Stock Market Plunges Amid AI Threats, Trump Tariffs Worsen Uncertainty

On the 23rd, the New York stock market experienced a sharp decline as some companies felt threatened by the development of artificial intelligence (AI). Coupled with ongoing uncertainty over the Trump administration’s illegal ruling on reciprocal tariffs, the market closed weakly. This was interpreted as investors fearing future uncertainties and joining the sell-off.

Specifically, the Dow Jones Industrial Average fell 821.91 points from the previous day, ending at 48,804.06 points. This represents a decline of approximately 1.66%. A similar trend was seen in the S&P 500 Index, which dropped 71.76 points to close at 6,837.75. The tech-heavy Nasdaq Composite also declined by 258.80 points, finishing at 22,627.27.

One of the main reasons for the stock price decline was concerns that AI technology development would impact existing industries and companies. As AI is applied to more sectors and threatens current business models, investors have become skeptical about the sustainability of related companies. This issue is further compounded by the potential for large-scale unemployment and structural changes in industries.

Additionally, the emergence of questions about whether the Trump administration’s reciprocal tariffs, previously implemented, might be deemed illegal has also contributed to instability in international trade relations. This has heightened economic tensions between the U.S. and other countries, increasing market volatility.

Such market trends are likely to persist in the short term, as both AI development and reciprocal tariff issues are not problems that can be resolved quickly. Investors need to closely monitor these uncertainties and reconsider their future investment strategies.