Dow falls over 800 points amid AI and tariff concerns

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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