Dow Jones Plummets 800 Points, S&P 500 and Nasdaq Also Decline: Five Key Reasons Revealed
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Dow Jones Plunges 800 Points: AI Fears, Tariffs Trigger Market Sell-Off
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CNBC TV18•24-02-2026, 04:06
Dow Jones Plunges 800 Points: AI Fears, Tariffs Trigger Market Sell-Off
•Dow Jones dropped 820 points (1.6%), S&P 500 and Nasdaq also fell over 1% each, with S&P 500 back in the red for 2026.
•IBM shares plummeted 13% due to Anthropic's blog post questioning IBM's AI-led business, marking its biggest single-day drop since October 2000.
•Software stocks like Microsoft (3% down) and CrowdStrike (10% down) continued to suffer, with AI concerns impacting various sectors from trucking to financial services.
•Unemployment fears surged after a Citrini Research paper suggested AI could lead to a 10% unemployment rate, impacting American Express and Mastercard shares.
•Donald Trump's defiant stance on tariffs, threatening 'higher duties' despite a Supreme Court rejection, added to market uncertainty and concerned EU officials.
