{"id":48095,"date":"2026-02-24T07:29:56","date_gmt":"2026-02-24T07:29:56","guid":{"rendered":"https:\/\/isafespend.com\/?p=48095"},"modified":"2026-02-24T07:29:58","modified_gmt":"2026-02-24T07:29:58","slug":"wall-street-ends-sharply-lower-amid-ai-displacement-fears-and-revived-tariff-angst","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=48095","title":{"rendered":"Wall Street Ends Sharply Lower Amid AI Displacement Fears and Revived Tariff Angst"},"content":{"rendered":"
\n

Wall Street stocks tumbled on Monday, as ongoing fears of artificial intelligence-related disruption and the fallout from Friday\u2019s U.S. Supreme Court ruling sent investors fleeing from high-risk equities<\/p>\n

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\u2019s erratic statements on trade policy, which fueled much of the market volatility during the first year of the president\u2019s second term.<\/p>\n

Financial stocks were off 3.3%, while software-related firms slid 4.3% amid ongoing AI disruption fears.<\/p>\n

\u201cThe question about AI is twofold: How much is it going to cost, and who all is going to be disrupted?\u201d said Tom Hainlin, national investment strategist at U.S. Bank Wealth Management in Minneapolis. \u201cYou\u2019ve seen the market react to headlines, it\u2019s \u2018sell first, assess later.’\u201d<\/p>\n

He added: \u201cIt\u2019s a perspective of what may happen as opposed to what has happened.\u201d<\/p>\n

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.<\/p>\n

Gold prices, benefiting from a flight to safety, surged 2.6%.<\/p>\n

\u201cThe Supreme Court decision wasn\u2019t unexpected,\u201d Hainlin said. \u201cBut 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\u2019s leading investors to a broad risk reassessment.\u201d<\/p>\n

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\u00a0flights were canceled, according to Flightaware.com. Airlines and travel\/leisure-related stocks tumbled 3.8% and 3.7%, respectively. Dow Transports dropped 2.9%.<\/p>\n

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 due on Wednesday. Home improvement rivals Home Depot and Lowe\u2019s are also on the docket, which is rounded out by Salesforce and Universal Health Services.<\/p>\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.<\/p>\n

The Dow Jones Industrial Average fell\u00a0821.91 points, or 1.66%, to 48,804.06, the S&P 500 lost\u00a071.76 points, or 1.04%, to 6,837.75 and the Nasdaq Composite lost\u00a0258.80 points, or 1.13%, to 22,627.27.<\/p>\n

Among the 11 major sectors of the S&P 500, financials suffered the biggest percentage, while consumer staples led the gainers.<\/p>\n

The healthcare index advanced 1.2%, boosted by a 4.9% gain in Eli Lilly after rival Novo Nordisk\u2019s obesity drug CagriSema underperformed Eli Lilly\u2019s drug Zepbound in a head-to-head trial.<\/p>\n

Among other movers, Domino\u2019s Pizza climbed 4.1% after the fast-food chain\u2019s fourth-quarter same-store sales beat Wall Street estimates.<\/p>\n

PayPal jumped 5.8% after Bloomberg News reported that the payments firm is attracting takeover interest.<\/p>\n

Declining issues outnumbered advancers by a 2.2-to-1 ratio on the NYSE.\u00a0There were\u00a0390\u00a0new highs and 204 new lows on the NYSE.<\/p>\n

On the Nasdaq, 1,432 stocks rose and 3,277 fell as declining issues outnumbered advancers by a 2.29-to-1 ratio.<\/p>\n

The S&P 500 posted\u00a041 new 52-week highs and 18 new lows while the Nasdaq Composite recorded 67 new highs and 264 new lows.<\/p>\n

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.<\/p>\n

(Reporting by Stephen Culp; Additional reporting by Shashwat Chauhan and Ragini Mathur in Bengaluru; Editing by Aurora Ellis)<\/em><\/p>\n<\/p><\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Wall Street stocks tumbled on Monday, as ongoing fears of artificial intelligence-related disruption and the fallout from Friday\u2019s 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<\/p>\n","protected":false},"author":1,"featured_media":48096,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[51],"tags":[32],"class_list":{"0":"post-48095","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-burrow","8":"tag-featured"},"yoast_head":"\nWall Street Ends Sharply Lower Amid AI Displacement Fears and Revived Tariff Angst | iSafeSpend<\/title>\n<meta name=\"description\" content=\"Wall Street stocks tumbled on Monday, as ongoing fears of artificial intelligence-related disruption and the 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