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US Stock Market Plunges: 5 Reasons Dow Jones Dropped Over 800 Points
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Dow Jones Plunges 800 Points: AI Fears, Trump Tariffs & Tech Sell-Off Rock US Market
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CNBC Awaaz
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24-02-2026, 07:12
Dow Jones Plunges 800 Points: AI Fears, Trump Tariffs & Tech Sell-Off Rock US Market
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Dow Jones plummeted over 800 points, S&P 500 and Nasdaq also fell over 1%, with S&P 500 re-entering negative territory for 2026.
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IBM shares plunged 13% due to Anthropic's AI post, raising fears of AI replacing traditional tech systems.
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Software stocks like Microsoft and CrowdStrike continued to decline, while Citrini Research warned AI could push US unemployment to 10%.
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Donald Trump's renewed tariff warnings and uncertainty over a 15% tariff policy escalated global trade tensions.
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Investors flocked to safe assets like gold and silver; Bitcoin fell below $64,000, nearly 50% down from its October 2025 peak.
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