S&P 500 Suffers Damage As Tariff, AI Worries Flare Up; Gold Stocks Benefit From Safety Bids

CoffeeNFTs · 2026-03-07T16:39:46+00:00

Tariff concerns and AI's effects on profits dominated Wall Street as investors awaited key earnings reports. The S&P 500 dropped 1%, contributing to a rising distribution count for major indexes.

CoffeeNFTs

2026-03-07 16:39:46

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Tariff news and concerns about artificial intelligence’s profit impact on Corporate America returned to center stage on Wall Street as investors await a crucial earnings report. Indexes sold off on Monday, increasing the already elevated distribution count for both the S&P 500 and the Nasdaq. The S&P 500 index finished with a loss of 1%. The benchmark index is bearing…

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