The three major U.S. stock indices all closed down more than 1%. IBM experienced its largest decline since 2000.

2026-02-24 03:23:20

Gelonghui, February 24 — The three major U.S. stock indices all closed down more than 1%, with the Dow Jones down 1.66%, the Nasdaq down 1.13%, and the S&P 500 down 1.04%. Most large tech stocks declined, with Microsoft and Netflix falling over 3%, Tesla, Amazon, and Meta dropping more than 2%, and Google and Intel down over 1%; Apple and Nvidia saw slight gains. IBM fell over 13%, the largest decline since 2000. Novo Nordisk dropped over 16% after clinical trials showed its product CagriSema was less effective than Lilly’s Zepbound. Cancer cell therapy company Arcellx surged over 77%, reportedly being acquired by Gilead Sciences at $115 per share. Visa fell over 4%, the largest single-day decline since June last year; Mastercard dropped over 5%, the biggest since April last year.

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