The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all saw significant drops due to tariff shock and AI concerns. IBM and Novo Nordisk were major losers, while Eli Lilly gained on positive obesity-drug data. President Trump’s tariff announcement added to investor uncertainty, leading to a 822 point drop in the Dow.

Tech stocks were mixed, with Nvidia rising and Salesforce among the top losers. Nvidia’s upcoming earnings report will be crucial for the tech trade, potentially impacting the Nasdaq’s trajectory. Investors should brace for volatility leading up to this update.

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Read more at Nasdaq: Stock Market Today, Feb. 23: Nvidia Earnings Loom as Tariff Concerns Drive Dow 800 Points Lower