US stocks decline amid anticipation of artificial intelligence trade and court decision on tariffs
US stock indices opened lower during Thursday’s trading, and investors are also watching the shares of artificial intelligence companies that have reached very high valuations. Attention has also turned to Washington, where the Supreme Court considered the legality of the tariffs imposed by the administration of US President Donald Trump.
In terms of trading, the Standard & Poor’s 500 index fell by 0.66%, and the Nasdaq index fell by 0.66%. The composite fell by 0.2%, and the Dow Jones Industrial Average lost by 63%.
Investors are increasingly anticipating that the US Supreme Court may issue a ruling against Trump’s tough trade policy, after a number of judges expressed doubts about the legality of the tariffs during yesterday’s session on Wednesday, and if the ruling is issued against these duties, this may lead to their gradual cancellation, which may push stocks to rise.
At the same time, shares of artificial intelligence companies began to recover after fears of exaggeration in It was evaluated earlier in the week, which represents additional support for the major American indices.
A large number of layoffs were announced and took place during the month of last October, as the number of jobs that were cut reached 153,74 jobs, an increase of 183% from the previous September and 175% compared to the same period last year, which represents the highest level of layoffs in the month of October in 22 years, and the current year is also the worst in layoffs since 2009.
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