{"id":58992,"date":"2026-02-23T17:08:27","date_gmt":"2026-02-23T21:08:27","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/ibm-plunges-13-in-worst-rout-since-2000-visa-and-mastercard-sink-on-ai-fears\/58992\/"},"modified":"2026-02-23T17:08:27","modified_gmt":"2026-02-23T21:08:27","slug":"ibm-plunges-13-in-worst-rout-since-2000-visa-and-mastercard-sink-on-ai-fears","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/ibm-plunges-13-in-worst-rout-since-2000-visa-and-mastercard-sink-on-ai-fears\/58992\/","title":{"rendered":"IBM Plunges 13% in Worst Rout Since 2000; Visa and Mastercard Sink on AI Fears"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>IBM (<a href=\"\/stock\/IBM\">IBM<\/a>) shares plummeted 13%<\/strong>, marking the technology giant&#39;s <strong>sharpest one-day decline since the year 2000<\/strong>.<\/li>\n<li><strong>Visa (<a href=\"\/stock\/V\">V<\/a>) and Mastercard (<a href=\"\/stock\/MA\">MA<\/a>)<\/strong> saw significant sell-offs, with Visa posting its <strong>biggest drop since June<\/strong> following a social media post regarding <strong>AI&#39;s impact<\/strong> on the payments sector.<\/li>\n<li>House Speaker <strong>Mike Johnson<\/strong> signaled that Congress is <strong>unlikely to codify Donald <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a>\u2019s 15% global tariffs<\/strong>, citing a lack of consensus and a recent <strong>Supreme Court<\/strong> ruling.<\/li>\n<li><strong>American Airlines (<a href=\"\/stock\/AAL\">AAL<\/a>)<\/strong> has begun a phased resumption of operations at major Northeast hubs, including <strong>JFK, LaGuardia, and Boston<\/strong>, following recent disruptions.<\/li>\n<li>The <strong>Reserve Bank of Australia (RBA)<\/strong> reaffirmed its focus on <strong>quarterly trimmed mean inflation<\/strong>, suggesting that any shift toward a monthly CPI framework remains &quot;some way off.&quot;<\/li>\n<\/ul>\n<h2>Tech and Payments Sector Under Pressure<\/h2>\n<p>IBM (<a href=\"\/stock\/IBM\">IBM<\/a>) experienced a historic sell-off on Monday, with shares diving <strong>13%<\/strong>. This move represents the company&#39;s <strong>most significant single-day percentage drop in 26 years<\/strong>, erasing billions in market capitalization as investors reacted to broader tech volatility.<\/p>\n<p>In the payments space, Visa (<a href=\"\/stock\/V\">V<\/a>) and Mastercard (<a href=\"\/stock\/MA\">MA<\/a>) both ended the session lower after a post from <strong>Citrini<\/strong> regarding <strong>Artificial Intelligence<\/strong> sparked concerns over the long-term moat of traditional credit networks. Visa recorded its <strong>largest decline since June<\/strong>, while Mastercard saw its <strong>sharpest drop since April<\/strong>, reflecting <em>growing investor sensitivity to AI-driven disruption in the financial services industry.<\/em><\/p>\n<h2>Policy Shifts: Tariffs and Retirement Savings<\/h2>\n<p>House Speaker <strong>Mike Johnson<\/strong> informed reporters that Congress is unlikely to find the necessary &quot;consensus&quot; to codify President <strong>Donald <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a>\u2019s<\/strong> proposed <strong>15% global tariffs<\/strong>. This development follows a <strong>Supreme Court<\/strong> decision that struck down earlier levies, with senior Republicans privately indicating there is insufficient support to extend the tariffs beyond their <strong>150-day window<\/strong>.<\/p>\n<p>Concurrently, the Trump administration is reportedly exploring a <strong>new retirement savings plan<\/strong>. Sources indicate the President may officially address this proposal during the upcoming <strong>State of the Union<\/strong> address, potentially signaling a <em>major shift in federal retirement policy aimed at increasing private savings incentives.<\/em><\/p>\n<h2>Central Bank Strategy and Geopolitics<\/h2>\n<p><strong>Reserve Bank of Australia (RBA)<\/strong> economist <strong>Plumb<\/strong> emphasized that the central bank will continue to prioritize <strong>quarterly CPI data<\/strong> for its forecasting models. While the RBA is analyzing monthly underlying inflation measures, Plumb noted that the bank remains focused on the <strong>quarterly trimmed mean<\/strong> and that any formal change to its assessment framework is not imminent.<\/p>\n<p>In the Middle East, the <strong>UAE and Iran<\/strong> foreign ministers met to discuss regional developments and bilateral ties. According to the state news agency <strong>WAM<\/strong>, the officials reviewed issues affecting <strong>peace and security<\/strong>, seeking to address mutual interests amid <em>ongoing regional tensions and shifting diplomatic alignments.<\/em><\/p>\n<h2>Aviation Recovery in the Northeast<\/h2>\n<p>American Airlines (<a href=\"\/stock\/AAL\">AAL<\/a>) is working to restore its flight schedule across the <strong>U.S. Northeast<\/strong>. The carrier resumed operations at <strong>Philadelphia International Airport (PHL)<\/strong> on Monday afternoon, with the first arrival recorded at <strong>3:07 p.m. ET<\/strong>.<\/p>\n<p>Operations at <strong>Boston Logan (BOS)<\/strong>, <strong>LaGuardia (LGA)<\/strong>, and <strong>JFK International<\/strong> are expected to remain limited overnight, with a full resumption of service scheduled for <strong>late Tuesday morning<\/strong>. Travelers are advised to check flight statuses as the airline <em>realigns its fleet following the recent operational pause.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways IBM (IBM) shares plummeted 13%, marking the technology giant&#39;s sharpest one-day decline since the year 2000. Visa (V) [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[5012],"tags":[8824,293,11980,3703,17582,3745,17583,3789,3829,3872,4179,4180,4223],"class_list":["post-58992","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","tag-payments","tag-ibm","tag-lga","tag-ai","tag-phl","tag-v","tag-bos","tag-aal","tag-ma","tag-rba","tag-tariffs","tag-trump","tag-inflation"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/58992","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=58992"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/58992\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50383"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=58992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=58992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=58992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}