US Stocks Trade Muted

2026-02-24 14:35 By Andre Joaquim 1 min. read

US stock indices were muted on Tuesday, holding most of the pullback from the previous session as markets continued to assess the risk of disruption from AI advances in software development and automation.

The S&P 500, the Dow, and the Nasdaq 100 were relatively close to the flatline.

Stocks in the software space wavered after sliding in the start of the week as concerns that AI tools would displace software services providers triggered selloffs across the sector.

Payment companies extended their losses on fresh concerns that the disruption would include traditional financial infrastructure to favor stablecoin adoption and lower transactions due to a weaker labor market.

In the meantime, the presidential administration was working on a formal order to increase the new section 122 tariffs to 15% from the 10% that are enforced as of today.

Lastly, Nvidia and chip producers fell sharply ahead of the AI hardware giant's earnings event this week.



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