Newscasts - US stocks end sharply lower amid AI fears, tariff angst

PayPal Holdings

24/02/2026 24:05

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Source: 'Reuters - Business videos'

Description: 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. Lisa Bernhard has more.

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Video Transcript:

Wall Street stocks tumbled on Monday, with the Dow dropping more than 1.5%, the S&P 500 shedding 1%, and the NASDAQ falling just over 1%. Ongoing fears of AI-related disruption and the fallout from Friday's US Supreme Court ruling on tariffs, including President Donald Trump's erratic statements on trade policy, sent investors fleeing from high-risk equities. Dean Smith is Chief Strategist and Portfolio Manager at FolioBeyond.

What do people do when this kind of thing happens? They sell first, ask questions later. What are they buying? They're back to buying gold. They're back to buying Treasury bonds. Safe haven. It's risk-off for now. 2026 is off to a rocky start and it doesn't look like it's going to get a whole lot smoother any time soon.

Stocks on the move Monday included airline and leisure-related shares, which fell amid a powerful winter storm that paralyzed travel in the Northeast. Among other movers, shares of Eli Lilly gained nearly 5% after rival Novo Nordisk's obesity drug CagriSema underperformed Lilly's drug Zepbound in a head-to-head trial. Shares of Domino's Pizza climbed 4% after the fast-food chain's fourth-quarter same-store sales beat Wall Street estimates. And shares of PayPal jumped nearly 6% after Bloomberg News reported that the payments firm is attracting takeover interest.