Stocks fell sharply on Monday, with the Dow Jones dropping 822 points to close at 48,804, amid concerns over President Trump’s plan to raise global tariffs to 15% and the impact of artificial intelligence on job markets. The S&P 500 and Nasdaq Composite also experienced declines of 1% and 1.1%, respectively. As investors sought safety, gold prices increased by 3.4%. Analysts highlighted the uncertainty surrounding AI’s effects on the economy and the implications of the new tariffs as key factors driving the market downturn.
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