--- title: "US STOCKS-Wall Street ends sharply lower amid AI displacement fears and revived tariff angst" description: "Wall Street experienced a significant decline, with all three major U.S. stock indexes dropping over 1% due to fears of AI disruption and renewed tariff concerns following a Supreme Court ruling. Fina" type: "news" locale: "en" url: "https://longbridge.com/en/news/276646984.md" published_at: "2026-02-23T21:31:00.000Z" --- # US STOCKS-Wall Street ends sharply lower amid AI displacement fears and revived tariff angst > Wall Street experienced a significant decline, with all three major U.S. stock indexes dropping over 1% due to fears of AI disruption and renewed tariff concerns following a Supreme Court ruling. Financial and software stocks underperformed, while gold prices rose as investors sought safety. A severe winter storm also impacted travel, contributing to the market's downturn. Despite the selloff, 73% of S&P 500 companies that reported earnings exceeded expectations, with an anticipated 13.9% year-on-year earnings growth. Notable movers included Eli Lilly and Domino's Pizza, which saw gains amid the broader market decline. Indexes down: Dow 1.66%, S&P 500 1.04%, Nasdaq 1.13% Airlines, travel shares slide amid huge winter storm Eli Lilly up as Novo Nordisk’s drug underperforms in trial Domino’s up after Q4 same-store sales beat (Updates with closing prices) By Stephen Culp and Shashwat Chauhan NEW YORK, Feb 23 (Reuters) - Wall Street stocks tumbled on Monday, as ongoing fears of artificial intelligence-related disruption and the fallout from Friday’s U.S. Supreme Court ruling sent investors fleeing from high-risk equities A broad selloff sent all three major U.S. stock indexes more than 1% lower by the closing bell, as risk appetite was dampened by a combination of persistent fears over potential disruption due to emergent artificial intelligence technology and Trump’s erratic statements on trade policy, which fueled much of the market volatility during the first year of the president’s second term. Financial stocks (.SPSY) were off 3.3%, while software-related firms (.SPLRCIS) slid 4.3% amid ongoing AI disruption fears. “The question about AI is twofold: How much is it going to cost, and who all is going to be disrupted?” said Tom Hainlin, national investment strategist at U.S. Bank Wealth Management in Minneapolis. “You’ve seen the market react to headlines, it’s ‘sell first, assess later.’” He added: “It’s a perspective of what may happen as opposed to what has happened.” On Friday, the top court in the nation issued a 6-3 ruling that Trump overstepped his presidential authority by enacting reciprocal tariffs under an economic emergency law, a ruling that provoked condemnation from the president, who threatened a 15% temporary tariff on all imports, despite having reached trade agreements with many U.S. trading partners. Gold prices, benefiting from a flight to safety, surged 2.6%. “The Supreme Court decision wasn’t unexpected,” Hainlin said. “But you put these uncertainties on top of each other, the heightened geopolitical situation in the Middle East, tariff uncertainty, and potential AI displacement and that’s leading investors to a broad risk reassessment.” A powerful winter storm buried much of the U.S. under more than 15 inches of snow and paralyzed travel in the Northeast. At airports in the New York City area, 89% to 98% of flights were canceled, according to Flightaware.com. Airlines (.SPCOMAIR) and travel/leisure-related stocks (.SPCOMHOTL) tumbled 3.8% and 3.7%, respectively. Dow Transports (.DJT) dropped 2.9%. With only 77 of the companies in the S&P 500 yet to post results, fourth-quarter earnings season has neared the finish line, a smattering of high-profile companies are expected to report this week, most notably vanguard artificial intelligence chipmaker Nvidia (NVDA.O) due on Wednesday. Home improvement rivals Home Depot (HD.N) and Lowe’s (LOW.N) are also on the docket, which is rounded out by Salesforce (CRM.N) and Universal Health Services (UHS.N) . 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. The Dow Jones Industrial Average (.DJI) fell 821.91 points, or 1.66%, to 48,804.06, the S&P 500 (.SPX) lost 71.76 points, or 1.04%, to 6,837.75 and the Nasdaq Composite (.IXIC) lost 258.80 points, or 1.13%, to 22,627.27. Among the 11 major sectors of the S&P 500, financials suffered the biggest percentage, while consumer staples (.SPLRCS) led the gainers. The healthcare index (.SPXHC) advanced 1.2%, boosted by a 4.9% gain in Eli Lilly (LLY.N) after rival Novo Nordisk’s (NOVOb.CO) obesity drug CagriSema underperformed Eli Lilly’s drug Zepbound in a head-to-head trial. Among other movers, Domino’s Pizza (DPZ.O) climbed 4.1% after the fast-food chain’s fourth-quarter same-store sales beat Wall Street estimates. PayPal (PYPL.O) jumped 5.8% after Bloomberg News reported that the payments firm is attracting takeover interest. Declining issues outnumbered advancers by a 2.2-to-1 ratio on the NYSE. There were 390 new highs and 204 new lows on the NYSE. On the Nasdaq, 1,432 stocks rose and 3,277 fell as declining issues outnumbered advancers by a 2.29-to-1 ratio. The S&P 500 posted 41 new 52-week highs and 18 new lows while the Nasdaq Composite recorded 67 new highs and 264 new lows. Volume on U.S. exchanges was 18.39 billion shares, compared with the 20.62 billion average for the full session over the last 20 trading days. YTD sector performance ### Related Stocks - [.IXIC.US - NASDAQ Composite Index](https://longbridge.com/en/quote/.IXIC.US.md) - [DPZ.US - Domino's](https://longbridge.com/en/quote/DPZ.US.md) - [LLY.US - Eli Lilly](https://longbridge.com/en/quote/LLY.US.md) - [.SPX.US - S&P 500](https://longbridge.com/en/quote/.SPX.US.md) - [.DJI.US - Dow Jones Industrial Average](https://longbridge.com/en/quote/.DJI.US.md) - [600489.CN - ZHONGJIN GOLD](https://longbridge.com/en/quote/600489.CN.md) - [600547.CN - SD-GOLD](https://longbridge.com/en/quote/600547.CN.md) - [KGC.US - Kinross Gold](https://longbridge.com/en/quote/KGC.US.md) - [GOLD.US - Gold.com](https://longbridge.com/en/quote/GOLD.US.md) - [NEM.US - Newmont](https://longbridge.com/en/quote/NEM.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 达美乐比萨｜8-K：2025 财年 Q4 营收 15.36 亿美元超过预期 | | [Link](https://longbridge.com/en/news/276590603.md) | | 特朗普暗示违法征收的关税不退了，美财长称今年关税收入将 “基本保持不变” | 美国总统特朗普暗示不会退还被最高法院裁定违法的关税，预计 2026 年关税收入将保持不变。特朗普计划签署行政令，对全球商品加征 10% 进口关税，取代被推翻的关税。财长贝森特表示，政府将利用替代法律权力维持关税收入，强调国家安全和财政收入不 | [Link](https://longbridge.com/en/news/276494362.md) | | 期权热点｜周一 GDX 涨 3%，部分看涨期权飙升 207% | 美东时间 02 月 23 日，金矿股 ETF - VanEck Vectors 期权总成交 117006 张，看涨期权占比 62%，看跌期权占比 37%。 | [Link](https://longbridge.com/en/news/276681625.md) | | 达美乐比萨｜10-K：2025 财年营收 49.4 亿美元超过预期 | | [Link](https://longbridge.com/en/news/276591239.md) | | 美银：应对地缘需 “交易石油、持有黄金”，美股摆脱低迷需 “两大外部冲击” | Hartnett 的最新报告揭示了当前美股最尴尬的处境：基本面虽好但拥挤不堪，资金面开始松动且流向海外。面对地缘政治的迷雾与高位震荡的美股，投资者应当短期 “交易石油”，中期 “持有黄金”；而美股若想打破当前 “极度看涨却又滞涨” 的僵局， | [Link](https://longbridge.com/en/news/276558568.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.