Stocks Slide After Trump Raises Tariffs

Stocks fell on Feb. 23, 2026 as investors reacted to President Trump's plan to raise global tariffs to 15% and renewed concerns about artificial intelligence apps hurting the technology sector. The Dow dropped 794 points (1.6%), the S&P 500 fell 78 points (1.1%) and the Nasdaq lost 1.3%, while gold rose more than 4% to $5,230, according to FactSet. Market strategists warned of increased uncertainty for equities and advised investors against overreacting.