Stock indexes closed down on Monday, with the S&P 500 falling by -1.04%, the Dow Jones by -1.66%, and the Nasdaq by -1.21%. President Trump signed an executive order raising global tariffs to 15%. AI concerns also impacted stocks. Geopolitical risks remain with US-Iran talks and potential military action. US economic indicators showed mixed results. Fed Governor Waller focused on labor market data for rate decisions. The upcoming week includes earnings reports and economic news. Q4 earnings have been strong, with S&P 500 companies beating expectations. The market is discounting a 5% chance of a rate cut in March. Overseas markets settled lower. Interest rates fell on Monday due to safe-haven demand. European government bond yields also decreased. Swaps predict a 2% chance of an ECB rate cut. Software, payment, and delivery stocks dropped due to AI concerns. Packaging stocks were pressured by declining prices. Cryptocurrency-exposed stocks fell. IBM and other tech companies suffered losses. PayPal gained after reports of takeover interest. Other gainers included Akamai Technologies, Eli Lilly, and Domino’s Pizza. Earnings reports for 2/24 include American Tower, Home Depot, and Workday.

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