Stocks Plunge Amid AI, Tariff Worries
US News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
U.S. stocks experienced a significant downturn, with the Dow, S&P 500, and Nasdaq all closing in the red. The decline was driven by concerns over AI costs, tariff talks, and global tensions, as well as doubts about near-term interest rate cuts from the Federal Reserve. Consumer staples, healthcare, and utilities led gains, while tech and financial shares lagged. Despite the pain, strong fourth-quarter earnings growth offers some long-term comfort. Individual movers included Nvidias continued slide, Zscalers tumble, Netflixs climb, Dells soar, and Blocks jump following layoffs to boost its AI push. As February ends, the focus remains on how these cracks in tech and inflation play out against solid corporate profits heading into next month.
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