Stock market today: Dow, S&P 500, Nasdaq slip as fallout from Trump's tariff reversal unsettles market

2026년 2월 23일 · Unknown · financial · 출처 Yahoo Finance

US stocks slid slightly below the flatline on Monday as investors grappled with the fallout from the Supreme Court's rebuff of President Trump's most sweeping tariffs, which has thrown major trade deals into doubt.

The S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) both lost less than 0.1%, coming off a volatile but winning session on Friday. The tech-heavy Nasdaq Composite (^IXIC) saw the biggest loss, shedding roughly 0.1%.

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Growing uncertainty about the global trade landscape is unsettling markets amid debate about Trump's next moves and reaction from countries that have signed US trade pacts.

The Supreme Court's invalidation of many US tariffs on Friday initially fueled trade hopes and buoyed stocks. But Wall Street gauges and the dollar (DX-Y.NYB) are starting the week on the back foot after Trump said Saturday that the US will lift the baseline tariff rate on imports to 15%, effective immediately.

In a strong response, the EU rejected any hike in tariffs, saying "a deal is a deal" and calling on Washington to clarify the steps it will take following the court rebuff. Meanwhile, the US customs agency said it will stop collecting the overturned tariffs as calculations suggest a $2 trillion hit to the federal budget. Refunds by the US to importers and the legal basis for Trump's new levies are other concerns on Wall Street.

Elsewhere in geopolitics, prospects for US-Iran nuclear talks are in focus, set to resume on Thursday as US forces swarm the Middle East. Oil prices (BZ=F, CL=F) climbed on Monday, after ending last week up more than 5%.

Looking ahead, AI chipmaker Nvidia's (NVDA) results on Wednesday are the earnings highlight as the season continues to wind down, and as AI disruption fears swirl. Salesforce (CRM) — whose stock was hit by those fears — reports the same day. Before that, investors get a litmus test for retail in Home Depot's (HD) quarterly update on Tuesday.LIVE14 updates

2 mins ago

Jake Conley

US stocks open mixed as Wall Street grapples with trade uncertainty

US stocks opened Monday's trading session on a mixed footing as Wall Street digested the Supreme Court's rebuff of President Trump's most sweeping tariffs, adding a new wave of uncertainty to global trade deals.

The S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) both moved up less than 0.1% after initial losses, coming off a volatile but winning session on Friday. The tech-heavy Nasdaq Composite (^IXIC) remained below the flatl ine, shedding 0.1%.

SNP - Free Realtime Quote•USD

(^GSPC)

Follow View Quote Details

6,896.08 -13.43 (-0.19%)

As of 9:44:27 AM EST. Market Open. ^GSPC^DJI ^IXIC

Advanced Chart

Growing uncertainty about the global trade landscape is scrambling markets after the US Supreme Court's decision to strike down much of the president's tariff regime on Friday. The EU rejected any hike in tariffs, saying "a deal is a deal" and calling on Washington to clarify the steps it will take following the court rebuff.

AI chipmaker Nvidia's (NVDA) results on Wednesday take the earnings spotlight for the week, while Salesforce (CRM) — whose stock was hit by AI disruption fears — reports the same day. Before that, Home Depot (HD) will provide its quarterly update on Tuesday. 52 mins ago

Jake Conley

Federal Reserve's Waller: Rate cuts will depend on the labor market

Federal Reserve Governor Christopher Waller said in comments on Monday that his thinking on rate cuts will be determined by the state of the labor market.

“Assuming underlying inflation continues to signal we are close to our 2% goal, the key to setting appropriate policy will be my view of the labor market,” Waller said. “As things stand today, I rate these two possible outcomes as close to a coin flip," Waller said in a speech on Monday in Washington at the National Association for Business Economics conference.

The Fed governor also cautioned that if the strong reading on the job market for January is revised lower — the Labor Department reported a gain of 130,000 jobs, more than in the previous nine months combined — that would reinforce January's rate cut and signal the need for another cut in March.

Waller dissented with the no-change vote at the Fed's January meeting, advocating instead for a quarter-point reduction in rates.

“If the labor market data for February are consistent with the stronger job creation and low unemployment rate initially reported in January, indicating that downside risks to the labor market have diminished, it may be appropriate to hold the FOMC’s policy rate at current levels and watch for continued progress on inflation and strength in the labor market," Waller said.

Read the full story here. 59 mins ago

Karen Friar

Hedge funds that piled into US bitcoin funds are the first to exit

The hedge funds that helped fuel a boom in US exchange-traded funds holding bitcoin (BTC-USD) beat a rapid retreat in recent months, according to new data.

Bloomberg reports:

Read more here. Today at 1:15 PM UTC

Karen Friar

The AI boom is helping Samsung and coming for Apple

Samsung (005930.KS) is using the massive memory chip shortage to juice its margins. That could hurt smartphone archrival Apple (AAPL), notes Yahoo Finance's Francisco Velasquez.

He writes:

Read more here. Today at 12:59 PM UTC

Grace O'Donnell

European stocks fall, Indian stocks rally as global trade confusion returns

The Supreme Court's decision to strike down President Trump's "reciprocal" tariff authority sent European stocks lower and Indian stocks higher on Monday as the US's trade partners searched for a new status quo amid Trump's new tariff threats.

Following reports on Monday that the European Union may delay the ratification of its trade deal with the US, the pan-European Stoxx 600 (^STOXX) dropped 0.3%, while Germany's DAX (^GDAXI) fell …