Stocks are falling again on Wall Street, led by the market’s AI superstars that are now feeling the painful downside of big expectations. The S&P 500 fell 1.4% in early trading Thursday, erasing its mini-recovery from the prior day.

Anxiety returned to Wall Street with markets poised to give back much of the previous day’s gains, which were spurred by President Donald Trump’s one-month exemption for U.S. automakers on his 25% tariffs for Mexican and Canadian imports.

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,

Major stock indexes were sharply lower on Tuesday, with the Nasdaq Composite index down 10% from its December record high and Treasury yields also declining as the United States hit Canada, Mexico and China with steep tariffs,