And back down goes Wall Street. U.S. stocks are resuming their slide Thursday, led by the market’s AI superstars that are now feeling the painful downside of big expectations. The S&P 500 was down 1.5% in early trading,

Dealmakers at top US banks said work is proceeding on other potential blockbuster deals that would create mega US companies to compete with China.

Analysts are concerned that investors’ fears go beyond tariffs and point to broader economic uncertainty. The market rally following President Donald Trump’s reelection is effectively over. The S&P 500 has lost nearly all of its post-election gains as Wall Street responds to Trump’s decision to move forward with aggressive tariffs.