Futures and options traders work on the NYSE American (AMEX) floor of the New York Stock Exchange on February 23, 2026 in New York City, USA.
Brendan McDiarmid | Reuters
Investors lost confidence in the cybersecurity company’s business after Anthropic unveiled Claude Code Security on Friday, which can scan code for vulnerabilities and suggest solutions. shares of cloud strike, palo alto networks and cloudflare I was depressed, but it was IBM It was the worst hit, dropping nearly 13.2%.
European markets also had a day in the red. The regional Stoxx 600 fell 0.45%, weighed down by Novo Nordisk. Shares in the Danish drugmaker fell more than 15% after it reported disappointing trial results for a next-generation weight loss drug.
The market decline also affected virtual currencies. Bitcoin It fell more than 5% on Tuesday to below $63,000. That’s almost half of the all-time high of more than $125,000 set in October.
As European Parliament International Trade Committee Chairman Bernd Lange put it, “pure tariff confusion” also contributed to market uncertainty. The European Union (EU) announced on Monday that it would “put on hold” its trade deal with the United States following the Supreme Court’s ruling that President Trump’s “reciprocal” tariffs were illegal. Lange is scheduled to speak on CNBC’s “Squawk Box Europe” at 7:45 a.m. Japan time.
“The uncertainty around trade tariffs is an issue. It’s not as bad as it was in April, but it doesn’t help because it pulls investment back,” Standard Chartered CEO Bill Winters told CNBC.
The British bank announced a $1.5 billion share buyback on Tuesday, but its fourth-quarter profit fell short of Wall Street expectations.
“There will be intense competition between the United States and China for the rest of our lives,” Winters added.
Competition can foster innovation, but it can also be disruptive, as in the case of aggressive cost-cutting in China’s electric vehicle sector. It remains to be seen where the conflict between the world’s largest and second largest economies will lead us.
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FedEx sued the U.S. government on Monday seeking a “full refund” of the money it paid for tariffs imposed by President Trump, which the Supreme Court ruled last week were illegal. The FedEx lawsuit appears to be the first filed by a major U.S. company.
Panama announced in the Official Gazette on Monday that it had revoked the main port contract held by a subsidiary of Hong Kong-based CK Hutchison and transferred interim operation of the port to Danish shipping giant AP Moller-Maersk and Switzerland-based Mediterranean Shipping Company.
Despite software stocks falling in recent weeks, Canva has acquired startups Cavalry and MangoAI, the company announced on Monday. Canva announced that its annual revenue will exceed $4 billion at the end of 2025, an increase of 36% year-over-year.
US stocks fell on Monday. of S&P500 It will decrease by 1.04% and will be in the red again in 2026. Dow Jones Industrial Average fell by 1.66%; Nasdaq Composite It fell by 1.13%. Asia-Pacific markets traded mixed on Tuesday. Korean Kospi Although Hong Kong added more than 2% to a new high, Hang Seng Index It fell nearly 2%.
(PRO) Wall Street analysts say it’s a buy on the spur of the moment. Investors have sold off cybersecurity stocks on fears that AI will soon reshape the sector, but market strategists believe this reaction may be overdone and present a good buying opportunity.
