CNBC Business News Update Market Midday: Stocks Higher, 10% Across The Board Tariffs Begin, Mexico Travel Concerns 2/24/26
Feb 24, 2026
Markets rebound with tech leading gains. Discussion of sweeping new 10% import tariffs and the legal, business and political pushback that follows. Concerns about violence in Mexico prompt travel-advisory warnings. A look ahead to major corporate earnings, economic data and a big Samsung product launch.
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Market Rebound Led By Tech Winners
- Wall Street bounced back with major indexes up, led by Salesforce and IBM gains.
- The Dow rose about 398 points while the S&P gained 52 points and the Nasdaq climbed roughly 1% with NVIDIA up 1%.
AI And Tariff Changes Keep Market Uncertain
- Uncertainty persists as AI disruption shifts through sectors and tariff regime changes unfold.
- PNC Asset Group's Young Yuma noted the market tone is better but still clouded by AI and tariff reconstitution.
10% Across The Board Tariffs Are In Effect
- President Trump's 10% tariff on all imports is now official, with a potential increase to 15% discussed.
- Officials are drafting a formal order to raise tariffs to 15%, but no timeline is finalized yet.