Market Report - US Close

US close: Stocks sharply lower after Trump raises global tariff rate

By Iain Gilbert

Date: Monday 23 Feb 2026

(Sharecast News) - Major indices were firmly in the red at the close of trading on Monday as Donald Trump raised his global tariff rates after the Supreme Court ruled he had exceeded his powers when instituting his so-called "reciprocal" tariffs.
At the close, the Dow Jones Industrial Average was down...

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