US Stocks Waver at Week Start

2026-02-23 14:39 By Andre Joaquim 1 min. read

US equity indices were mixed on Monday, mostly holding the gains from last session on potential growth in US trade flows after the US Supreme Court struck down country-specific tariffs passed by the President Trump administration.

The S&P 500 and the Dow hovered above the flatline, while the tech-heavy Nasdaq inched under the flatline.

President Trump raised tariffs on all countries to 15% under Section 122 after the SCOTUS decision, maintaining the trade outlook near levels on current trade agreements, although the levies are not expected to remain by Q4 as Congress is unlikely to approve measures.

Eli Lilly jumped 3% as Novo Nordisk's weight-loss drug in pill form underperformed Lilly's counterpart.

In the meantime, Gilead Sciences inched higher after it agreed to acquire Arcellx for $7.8 billion.

Lastly, Nvidia gained 1.6% ahead of its earnings this week, although other major tech giants were lower with Microsoft, AMD, and Amazon dropping more than 1%.



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