U.S. stocks fell Tuesday, with the S&P 500 down 0.4%, snapping a nine-day win streak, its longest in over 20 years. The Dow dropped 134 points (0.3%), and the Nasdaq slid 0.6%. Palantir Technologies plunged 11.7% despite meeting profit forecasts, as AI stock hype fades. Nvidia, an AI giant, fell 0.9%, reflecting investor skepticism. Trump’s tariffs prompted firms to slash profit outlooks, fueling uncertainty. Palantir’s $110 share price, up from $20 last year, faces pressure. The trade war’s unpredictability dampens AI-driven stocks, with rising costs and weaker consumer spending looming. Wall Street’s pullback signals growing fears of economic strain from Trump’s aggressive trade policies.
Stocks Dip as Tariffs Cloud Corporate Forecasts
