By William Collins, consultant in stock markets – Eurasia Business News, February 23, 2026. Article no 2034

Stocks fell in afternoon trading, with a fresh round of jitters over trade and artificial-intelligence spooking investors and tariffs tumult.

The Dow dropped about 1.6%, with declines in American Express, Goldman Sachs and JPMorgan weighing on the benchmark. Software companies took another hit, after a report by Citrini Research sparked new worries about the economic fallout from AI.

AppLovin and Intuit both lost more than 7%.

Trade-sensitive stocks also slumped, including American Eagle Outfitters, Ralph Lauren and Yeti Holdings. Bonds rallied, benefiting from investors’ flight to safer assets.

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A viral Substack post from Citrini Research, with the title “The Consequences of Abundant Intelligence“, has intensified debate by sketching a scenario where AI triggers a “race to the bottom” in white‑collar work, undermining demand for many enterprise software tools.

Bitcoin prices continued their slide, trading recently around $65,000. Gold and silver prices climbed. The dollar edged lower, including against the Japanese yen and Swiss franc.

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© Copyright 2026 – Eurasia Business News. Article no. 2033