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Informist, Tuesday, Feb. 24, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: US mkts end dn Mon on concerns over tariffs, disruption from AI

 

MUMBAI--0735 IST--Equity markets in the US ended lower Monday with all three major indices falling over 1?ch. This fall was due to concerns over US President Donald Trump's tariffs along with worries that artificial intelligence may lead to a disruption in software companies. 

 

Stocks of software companies such as Microsoft and CrowdStrike were down over 3% and nearly 10%, respectively. Shares of companies in other sectors such as logistics, commercial real estate, and financial services have also been affected this month by the possible disruption from AI, CNBC reported. Concerns also gained traction after Citrini Research released a research report on how the AI boom could hurt the broader economy. The research paper was flagged as a reason for the weakness in technology stocks.

 

"The question about AI is twofold: How much is it going to cost, and who all is going to be disrupted?" Tom Hainlin, national investment strategist at US Bank Wealth Management in Minneapolis was reported as saying by Reuters. "You've seen the market react to headlines, it's 'sell first, assess later.'" "It's a perspective of what may happen as opposed to what has happened," he added.

 

The US Supreme Court struck down Trump's tariffs in a 6:3 ruling and observed that the US President had overstepped his presidential authority. The US President condemned the ruling and threatened a 15% temporary tariff on all imports despite having reached trade agreements with many of the country's trading partners. 

 

Also, A winter storm has led to the country being buried under 15 inches of snow and resulted in travel disruptions in North East US. In New York City, 89-98% of the flights were cancelled, Reuters reported, citing Flightware.com. Airline, travel, and leisure-related stocks fell during the session, with the Dow Transports index falling nearly 3%. 

 

Only 77 out of the S&P500 companies are left to report their earnings for the December quarter. Major earnings this week include those from Nvidia, and home improvement companies Home Depot and Lowe's Companies. Earnings from Sales Force and Universal Health Services are also scheduled this week. "Of the companies that have reported, 73% have beaten expectations, and analysts now expect aggregate year-on-year S&P 500 earnings growth of 13.9%, significantly higher than the 8.9% forecast as of January 1, according to LSEG data," Reuters said.  

 

Following are the closing levels of US indices Monday:  

 

Index	Level	Change in %
S&P 500	6837.75	(-)1.04
NASDAQ Composite	22627.27	(-)1.13
Dow Jones Industrial Average	48804.06	(-)1.66

 

(Akshat Saksena)

 

US$1 = INR 90.88

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Vandana Hingorani

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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