The Economic Times·2026-02-24 12:37Market Overview - All three main indexes dropped more than 1% on Monday, with financials and software stocks among the worst hit due to the fallout from the U.S. Supreme Court ruling on Trump's tariffs [1][9] - Analysts attributed the market slide to a bearish report from Citrini Research, which outlined potential threats to the global economy from the rise of artificial intelligence [2][7] Company Performance - Home Depot climbed 2.7% after beating fourth-quarter sales estimates [6] - Keysight Technologies surged 16.2% after forecasting second-quarter profit ahead of Wall Street estimates [6] - Hims & Hers Health slipped 6.8% after forecasting first-quarter revenue below estimates [6][10] - Microsoft and Meta Platforms rebounded slightly in premarket trading after sharp losses on Monday [5][10] Sector Analysis - The S&P 500 software and services index fell 4.3% on Monday and is down almost 24% so far this year, reflecting the impact of growing AI-disruption fears [7][10] - Major software players Salesforce and Intuit are scheduled to report results later this week, which could draw greater attention due to the current market conditions [7][10] Economic Indicators - February has been a challenging month for U.S. stocks, with high valuations and AI disruption fears affecting technology and other sectors [8][10] - Traders expect the U.S. Federal Reserve to hold its lending rate steady in the March meeting, with the next cut anticipated in June [9][10]