{"id":59034,"date":"2026-02-24T10:10:12","date_gmt":"2026-02-24T14:10:12","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-plunges-as-ibm-faces-ai-disruption-and-tariff-fears-mount\/59034\/"},"modified":"2026-02-24T10:10:12","modified_gmt":"2026-02-24T14:10:12","slug":"dowjonestodaydow-jones-plunges-as-ibm-faces-ai-disruption-and-tariff-fears-mount","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-plunges-as-ibm-faces-ai-disruption-and-tariff-fears-mount\/59034\/","title":{"rendered":"[DowJonesToday]Dow Jones Plunges as IBM Faces AI Disruption and Tariff Fears Mount"},"content":{"rendered":"<p>The <strong><a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Index (^DJI)<\/strong> was down <strong>821.91 (-1.6562%)<\/strong> points today, as a massive sell-off in legacy technology and financials rattled the market. The primary narrative was driven by <strong>International Business Machines (<a href=\"\/stock\/IBM\">IBM<\/a>)<\/strong>, which was down <strong>12.33%<\/strong> following reports that <strong>Anthropic\u2019s<\/strong> new <strong>Claude Code<\/strong> tool could automate <strong>COBOL<\/strong> modernization. This development poses a direct structural threat to IBM\u2019s high-margin mainframe consulting revenue, triggering the stock\u2019s steepest single-day decline in over two decades. Meanwhile, <strong>Dow Futures (YM=F)<\/strong> was up <strong>159.00 (0.3255%)<\/strong> points today, indicating some late-session hedging by institutional traders.<\/p>\n<p>Sentiment was further dampened by the implementation of new <strong>US tariffs<\/strong>, sparking a broad &quot;risk-off&quot; rotation across the financial sector. <strong>American Express (<a href=\"\/stock\/AXP\">AXP<\/a>)<\/strong> was down <strong>7.06%<\/strong> and <strong>Visa (<a href=\"\/stock\/V\">V<\/a>)<\/strong> was down <strong>4.27%<\/strong> as investors weighed the impact of trade tensions on discretionary consumer spending. Significant laggards included <strong>JPMorgan Chase (<a href=\"\/stock\/JPM\">JPM<\/a>)<\/strong>, down <strong>4.15%<\/strong>, and <strong>Salesforce (<a href=\"\/stock\/CRM\">CRM<\/a>)<\/strong>, which was down <strong>3.73%<\/strong> following a series of analyst downgrades. This retreat from cyclical growth reflects growing concerns over a potential slowdown in global trade and credit expansion.<\/p>\n<p>Amid the volatility, investors sought safety in defensive staples and healthcare. <strong>Procter &amp; Gamble (<a href=\"\/stock\/PG\">PG<\/a>)<\/strong> led gainers, up <strong>2.63%<\/strong> to <strong>165.17<\/strong>, followed by <strong>Walmart (<a href=\"\/stock\/WMT\">WMT<\/a>)<\/strong>, up <strong>2.55%<\/strong> at <strong>125.81<\/strong>. Other resilient performers included <strong>McDonald&#39;s (<a href=\"\/stock\/MCD\">MCD<\/a>)<\/strong>, up <strong>1.52%<\/strong>, and <strong>Johnson &amp; Johnson (<a href=\"\/stock\/JNJ\">JNJ<\/a>)<\/strong>, up <strong>1.36%<\/strong>. This flight to quality highlights a clear divergence in performance as the market grapples with AI-driven disruption and macroeconomic uncertainty.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dow Jones Index (^DJI) was down 821.91 (-1.6562%) points today, as a massive sell-off in legacy technology and financials 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