Wall Street Stumbles as Tariff Fears and Tech Spending Weigh on Markets

Intel shares dipped 3% despite the company posting profit and revenue projections that topped analyst expectations, dragging the broader semiconductor sector down 2.7% in its wake. The market is increasingly sensitive to the heavy capital requirements fueling the artificial intelligence race; Alphabet and Tesla have both signaled significant spikes in spending, forcing investors to scrutinize the sustainability of current cash burn rates.

With Microsoft, Amazon, and Meta slated to report in the coming days, the S&P 500 and Nasdaq are struggling to maintain momentum. The Dow Jones Industrial Average is currently tracking for its third consecutive weekly decline, as the Trump administration’s aggressive enforcement of anti-forced labor measures across international borders leaves traders bracing for further volatility in global supply chains.