Stocks Fall as Software Weakness, Tariff Risks Weigh | Closing Bell
Bloomberg Markets and Finance
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February 23, 2026 at 10:01 PM UTC
Bearish
90% Confidence
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Key Points
- Major indices (Dow Jones, S&P 500, Nasdaq, Russell 2000) closed down, with the Dow falling over 800 points.
- Information Technology and Financials were the heaviest weighted sectors contributing to the market decline.
- Eli Lilly (LLY) and Arcellx Inc (ACLX) were top gainers due to drug news and acquisition, respectively, while DoorDash (DASH), Gap Inc (GAP), and IBM (IBM) were laggards.
- Concerns about AI's impact on white-collar jobs and potential global tariff rate increases by Trump weighed on specific stocks and the broader market.
- NYC lifted a travel ban due to a significant snowstorm, impacting local economic activity and travel.
AI Summary
The U.S. market closed lower across major indices on a Monday, with a broad-based sell-off driven by concerns over AI's potential impact on the economy and increased global tariff rates. Defensive sectors like Consumer Staples and Health Care saw gains, while Information Technology and Financials led the declines. Treasury yields also moved lower, indicating a flight to safety.
Model Analysis Breakdown
| Model | Sentiment | Confidence |
|---|---|---|
| Gemini 2.5 Flash | Bearish | 90% |
| Consensus | Bearish | 90% |