12 Oct 2025 | 5 Mins Read

Trump's tariffs and AI spending plans weigh on Wall Street's rally

Flipitmoney

US companies face pressure to deliver robust third quarter earnings, justifying a 32% S&P 500 gain since April 2025, amid global trade tensions and tech-fuelled market concerns. Key issues are US tariffs and their impact on profitability and the long-term durability of artificial intelligence spending, with investors awaiting evidence of material returns on significant AI investments.