The three major U.S. stock indices closed sharply lower, with IBM experiencing its largest single-day decline since 2000.

GateNews

2026-02-23 21:07:25

ChainCatcher reports that according to Gate market data, U.S. stocks closed lower on Monday, with the three major indices opening and closing down. The Dow Jones Industrial Average initially fell 1.66%, the S&P 500 declined 1.04%, and the Nasdaq dropped 1.13%. Precious metals and non-ferrous metals led the gains, while application software and information technology services saw the largest declines. IBM plummeted 13%, marking its largest single-day drop since 2000. The Nasdaq China Golden Dragon Index fell nearly 1%. Adobe and Oracle each declined about 4.6%, Salesforce dropped 3.7%, and Microsoft fell 3.2%.

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