IBM leads market drop as AI concerns hit equities

Macquarie Warrants Singapore
08:56

S&P 500: 6,837.75 (-1.0%)

Nasdaq-100: 24,708.94 (-1.2%)

DJIA: 48,804.06 (-1.7%)

Eurostoxx: 6,113.92 (-0.3%)

U.S. crude futures: $66.31 (-0.3%)

Wall Street fell sharply Monday with all three indices dropping more than 1% as investors weighed new tariff moves from Donald Trump. Losses were led by major financial and technology-linked names amid fear Artificial Intelligence (AI) could reshape white-collar industries and pressure profits. IBM led losses after reports that new AI tools could automate legacy software development tied to its enterprise business. Sentiment was also pressured after Trump announced plans to raise a newly proposed global tariff to 15% following the recent U.S. Supreme Court ruling that struck down earlier tariffs.

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