Markets News, Feb. 24, 2026: Major Indexes Rebound, Close Higher After Sell-Off; AMD Stock Surges on Meta AI Chips Deal

Major stock indexes rebounded Tuesday, ending sharply higher a day after tumbling on worries about AI disruption and uncertainty over the state of President Donald Trump’s tariffs.

The tech-heavy Nasdaq, blue-chip Dow Jones Industrial Average, and benchmark S&P 500 closed up a respective 1.1%, 0.8%, and 0.8%. Yesterday, the Dow sank 1.7%, or more than 820 points, while the Nasdaq and S&P 500 ended down 1.1%, and 1%, respectively.

The indexes dropped Monday in part because of fresh uncertainty in the trade outlook. Last Friday, after the Supreme Court struck down the majority of his tariffs announced last April, Trump announced a 10% global hike, then increased it to 15% a day later. A 10% duty took effect Tuesday, but an administration official told Bloomberg that the White House was “working on a formal order” to increase the tariff rate to 15%. Trump is set to address Congress Tuesday night.

Advanced Micro Devices (AMD) shares ended nearly 9% higher after the semiconductor giant inked a deal with Meta Platforms (META) to provide the Facebook and Instagram parent with 6 gigawatts of AMD Instinct GPUs. The Wall Street Journal said the deal was worth more than $100 billion.

Shares of Meta and AMD rival Nvidia (NVDA), which reports its highly anticipated earnings Wednesday evening, closed slightly higher. All of their fellow Magnificent Seven tech giants except for Alphabet (GOOGL) finished up as well.

Yesterday, fears about how AI could disrupt their businesses caused shares of IBM (IBM), Datadog (DDOG), CrowdStrike (CRWD), and AppLovin (APP) to sink 13%, 11%, 10%, and 9%, respectively. Shares of IBM climbed nearly 3% on Tuesday, while those of Datadog and AppLovin also rose. CrowdStrike finished fractionally lower.

In post-earnings moves, Home Depot (HD) stock rose 2% and Hims & Hers Health (HIMS) ended 0.4% lower. Whirlpool (WHR) shares dropped 14% on news the appliance maker would issue $800 million in new shares in part to pay off debt, while FedEx (FDX) shares ended less than 1% higher after the package-delivery giant sued the U.S. government over Trump’s tariffs.

Bitcoin was trading around $64,500 at 4 p.m. ET, slightly higher on the day. The 10-year Treasury yield, which influences interest rates on a variety of consumer loans including mortgages, was little changed from Monday’s close near 4.04%.

Gold futures declined 0.7% to $5,185 an ounce, while silver futures rose 1.1% to $87.55 an ounce. West Texas Intermediate futures, the U.S. crude oil benchmark, slipped 0.2% to $66.20 a barrel.

The U.S. dollar index, which tracks the value of the greenback against a basket of currencies, was 0.1% higher at 97.81.