Maria Aspin
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Investors largely shrugged in response.
Some had already expected the president to find workarounds if the Supreme Court struck down his tariffs.
Maria Aspin, NPR News, New York.
Artificial intelligence has been powering the stock market.
but also creating a lot of chaos.
Investors are worried that tech companies like Google and Amazon are spending too much on AI without seeing results.
Now investors in software companies like Salesforce are worried that AI tools will eat away at their core businesses.
The tech-heavy Nasdaq had its worst days since April.
There were bright spots outside of tech.
Some older, arguably more boring companies, like Goldman Sachs and Caterpillar, sent the Dow soaring at the end of the week.
And Walmart crossed its own stock market milestone.
The world's largest retailer is now worth more than $1 trillion.
Maria Aspin, NPR News, New York.
There are these huge fears that AI is going to eliminate jobs or make some businesses really redundant.
It seemed like that came closer to reality for some companies this week.
Two of the big AI startups, OpenAI and Anthropic, released new tools that can automate some of the sales and marketing and legal tasks that some big traditional software companies specialize in.
We saw companies like Salesforce and Workday see their stocks get hammered this week.
Investors are feeling a lot of whiplash.
The S&P 500 hit a record high before dropping back.
Gold also hit new highs before plunging on Friday, as President Trump said he would nominate Kevin Warsh to run the Federal Reserve.