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HomeMarket NewsUS stocks drop after President Donald Trump announces 15% global tariffs
The S&P 500 fell 0.2%, while the Dow Jones Industrial Average dropped 122 points, a 0.3% decline. The Nasdaq Composite led losses, slipping 0.6% in early trading.
By CNBC February 23, 2026, 8:22:10 PM IST (Updated)
1 Min Read
US stock markets declined on Monday (February 23) after President Donald Trump announced a 15% increase in global tariffs, following the Supreme Court’s decision to block his “reciprocal” tariffs. The S&P 500 fell 0.2%, while the Dow Jones Industrial Average dropped 122 points, a 0.3% decline. The Nasdaq Composite led losses, slipping 0.6% in early trading.
Bitcoin fell as much as 5% early Monday, briefly dipping below $65,000 before recovering to around $66,000. The decline comes amid investors exiting speculative assets and concerns over potential cryptocurrency regulations. Since reaching an all-time high of $126,210.50 on October 6, Bitcoin has lost nearly half of its value.
In energy markets, US crude oil gained 19 cents to $66.67 per barrel, and Brent crude, the international benchmark, rose 18 cents to $71.48 per barrel. The US dollar weakened to 154.83 Japanese yen from 154.94 yen. Precious metals saw gains, with gold rising 2.1% and silver up 5.6%.
(Edited by : Jomy Jos Pullokaran)
First Published:
Feb 23, 2026 8:20 PM
IST
