U.S. Stocks Fall 389 Points as AI Enthusiasm Cools and Companies Pull Forecasts Amid Tariff Uncertainty

U.S. stock markets experienced a decline as investor enthusiasm for artificial intelligence (AI) waned and concerns over President Donald Trump's tariffs increased. Several companies withdrew their financial forecasts due to the uncertainty surrounding tariff policies, contributing to the downward pressure on equities. The Dow Jones Industrial Average fell by 389 points amid these concerns, reflecting ongoing market apprehension about trade tensions and their potential impact on corporate profits.