CNBC Business News Update Market Open: Stocks Trying To Rebound From Yesterday's Selloff, President Trump's New 10% Tariffs Begin, A Call For AI Regulation 2/24/26
Feb 24, 2026
Markets try to rebound after a selloff while stocks show mixed movement and big names slip. New 10% tariffs kick in amid confusion about earlier claims. Talk of mounting pressure on companies to pass costs to consumers. Calls grow louder for AI regulation as policymakers and industry grapple with rapid tech change. Weather disruptions rattle Northeast travel and fast-food nostalgia returns to menus.
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Mixed Market Rebound Driven By Uncertainty
- Markets opened mixed as investors reacted to yesterday's sell-off and uncertainty around AI and tariffs.
- The Dow led by Home Depot gains while the S&P and Nasdaq lag, with NVIDIA down and investors citing broad uncertainty.
Home Depot Rally Despite Falling Sales
- Home Depot drove Dow gains after beating earnings estimates, though sales fell and project demand remained muted.
- Shares rose about 3.5% in the morning despite the company saying sales declined in the last quarter.
Commodities Stable Amid No Action On Iran
- Commodity and geopolitical updates showed gold retreating and oil steady while the U.S. has made no moves against Iran.
- Gold pulled back from $5,200 an ounce and oil hovered around $66 a barrel amid the geopolitical calm.