Traders work on the floor of the New York Stock Exchange during afternoon trading on February 20, 2026 in New York City.
Michael M. Santiago | Getty Images
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%.
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.
“The push and pull from tariffs is likely to be a distracting theme for the rest of the market, albeit with less volatility than the initial shock last April,” said Michael Landsberg, chief investment officer at Landsberg Bennett Private Wealth Management.
Major U.S. indexes were weighed down by these factors. of Dow Jones Industrial Average Because IBM accounts for a relatively large portion of its value, it fell more than its peers.
meanwhile, singapore airlines, UOB and standard chartered Reports earnings on Tuesday.
As markets in China and Japan resume trading after the holidays, there has been a lot of news to digest over the past week, so investors should be on the lookout for big moves in these regions.
—CNBC’s Holly Ellyatt and Elsa Ohlen contributed to this report.
What you need to know today
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.
OpenAI has entered into multi-year partnerships with four consulting firms to help deploy its enterprise platform, called Frontier. The platform acts as an intelligence layer that connects disparate systems and data within an organization.
Crude oil fell from a six-month high on Monday after Oman announced a third round of talks between the United States and Iran would continue in Geneva this week. brent Iran-related supply concerns have boosted risk premiums, pushing prices to a six-month high of $71 last week.
U.S. stocks fell on Monday on concerns about AI and tariff confusion. of S&P500 fell by 1.04% and went into the red again in 2026. The Dow fell 1.66%; Nasdaq Composite It fell by 1.13%. pan-european Stocks 600 It fell by 0.45%. Bitcoin It fell below $65,000 on Monday.
(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.
And finally…
Some U.S. allies see higher tariffs under new tariffs, while rivals expect relief, trade group says
https://www.cnbc.com/2026/02/23/trump-higher-tariffs-us-allies-rivals-trade-relief.html
Some experts said the Supreme Court’s decision provides the greatest relief to countries hit hardest by IEEPA-related tariffs so far, but others told CNBC it disadvantages countries that first negotiated trade deals with the United States.
The UK, European Union and Singapore face increased trade-weighted tariffs, while countries including Brazil, China and India will see their tariffs reduced after US President Donald Trump announced he would raise global tariffs to 15%.
— Lim Huijie
