(Feb 24): Stocks fell and bonds rose as renewed anxiety over the impact of artificial intelligence (AI) on company profits joined lingering tariff uncertainty in squelching risk appetites. Tech, delivery and payment shares got hit as Citrini Research laid out the potential AI risks to various industries. “Given the various economic risks and uncertainties that can be linked to the tariff drama, we expect the Fed’s wait-and-see approach to be reinforced,” said Ian Lyngen at BMO Capital Markets. At Edward Jones, Angelo Kourkafas said the newly announced 15% tariff rate is unlikely to have a meaningful impact on economic activity. “We recommend overweight positions in industrials, healthcare, and consumer discretionary, offset by underweights in consumer staples and utilities,” Kourkafas noted.

Source: The Edge Markets February 23, 2026 22:30 UTC