The market fell Monday in a brutal tech selloff, as weekend tariff talk and AI fear posting got the better of tech, consumer discretionary stocks, and the financial sector.

President Trump said he is adding a 15% tariff on the world, even as U.S. Customs and Border Protection said they were going to stop collecting IEEPA tariffs Tuesday, following the SCOTUS decision. The rest of the world does not seem willing to come to the debate table to hash out new trade deals, the EU said in a statement “a deal is a deal.” Trump is going to speak about this, and likely everything else he can think of, at the State of the Union address tomorrow night.

Alongside that mayhem, and the winter storm that dumped 23 inches in Jersey City, and sent much of the north east into lockdown, was the freezing tech and software markets.

PayPal was dropping so bad it started to climb on news it was facing buyout rumors. Claude's code was still hitting cyber secutrity stocks.

Over in healthcare, Eli Lilly climbed on a new obesity drug treatment, and Novo Nordisk fell big time after its obesity drug failed to beat Zepbound in a trial. Sandisk, the memory maker, was climbing after posting a promo for a big anncouncment tomrorow.

Even with the broader tech wreck, Nvidia remains front and center, the largest of the 600+ earnings reports expected this week. Watch for it on Wednesday, and follow as Stocktwits helps it all make sense.

Have no fear, we will get to the calamitous day below, but first earnings reports from after the bell.

Hims & Hers Guidance Overshadows Q4 Beat 💊: The telehealth platform exceeded earnings expectations but saw shares slip after hours due to a soft first-quarter revenue outlook. Despite high user engagement, regulatory uncertainty surrounding its weight-loss segment continues to weigh on investor sentiment.

Bed Bath & Beyond Narrowing Losses Signal Stability 🏠: The home goods retailer posted a surprise revenue beat and its eighth consecutive quarter of operational improvement. Management’s focus is successfully lowering the company’s breakeven point, but a $21M loss is a loss.

"We are building the first Everything Home Company designed to make home ownership and living simpler and more affordable through a disciplined, interconnected ecosystem," CEO Marcus Lemonis said.

The company targets low-to-mid single-digit revenue growth for 2026, bolstered by the pending $1.5 billion annualized revenue contribution from the Kirkland’s acquisition.

The Dow is tumbling 700 points as a viral macro warning on AI displacement sends shockwaves through the market. It was also more of a science fiction story, but the market is treating it like a real possibility today.

The fear came from one long-winded blog post by Citrini Research, spinning a future where AI agents take over and hit Americans where it hurts the most: our jobs. The substack was founded by James Van Geelen, a writer of the self pro-claimbed #1 finance newsletter on Substack.

The report is basically the book Superintelligence but shorter, painting a dark portrait of AI agents displacing white-collar workers and destroying the foundation of the credit market. It imagines 2028 will be a time of 10% unemployment and a 40% drawdown from all-time S&P 500, all because AI agents are here.

$NOW ( ▲ 1.44% ) ServiceNow is leading the decline as the model projects a potential 15% workforce reduction as AI agents take over enterprise tasks. The software and security sector was already hurt by last week’s Anthropic AI updates, and alongside the blog post, the industry was hit with another update: Claude is trying to translate and work with the COBOL old-school business coding language that runs 95% of ATM transactions and other legacy aspects of the business world. $IBM ( ▲ 2.71% ) fell on the news.

$DASH ( ▲ 0.1% ) DoorDash was specifically mentioned, and the stock got hammered down more than 40% from its record highs. Geelen and gang said delivery apps may get replaced by vibe-coded alternatives offered up to restaurants. $APP ( ▲ 2.89% ) AppLovin and $INTU ( ▼ 0.62% ) Intuit both lost more than 7% today as the market fears AI might be so bullish for productivity that it becomes bearish for legacy business models.

Financial giants are not safe from the carnage either. $AXP ( ▼ 0.33% ) American Express, $GS ( ▲ 1.26% ) Goldman Sachs, and JPMorgan Chase are weighing heavy on the benchmark as the report claimed a systemic risk to the $13 trillion residential mortgage market. If there are less workers, and less offices rented, and mortgages are super tight and accurate, how will the big boys make money?

For that matter, why would the new world use old money anyway? Payment processors $V ( ▲ 0.36% ) Visa and $MA ( ▲ 0.46% ) Mastercard fell on the idea that autonomous agents could eventually bypass traditional card interchange fees entirely. That story is an old one, it reared its ugly head in every crypto bull run: stable coins make payment so easy, who would ever need credit at point of sale?

The important hope to hold onto, is that the entire report is sci-fi, literally set in an imaginary future where all of these events, and frightening undercurrents already came to pass. Right now, in 2026, almost none of this has come to pass.

In related news, the director of safety at Meta reported her OpenClaw AI agent deleted all her emails while she was away from keyboard- a remarkabley prescent counterpoint ‘maybe agents are stupid ,’ to the Citrini reasearch peice.

Don’t miss a story! Follow @StocktwitsNews for a live feed in real time. ✍️ 

Macro: ADP Employment Change Weekly, S&P/CS HPI Composite - 20 n.s.a. (YoY) (Dec), FOMC Member Bostic Speaks, Fed Waller Speaks, CONSUMER, GDPNOW, BOND 2Y, API Weekly Crude Oil Stock, State of the Union. 📊

Pre-Market Earnings: $HD, $CIFR, $IOVA, $HRMY, $AMT, $PLNT, $DOCN, $NRG, $DRS, $APLS, $KDP, $PTLO, $BNS, $BRSL, $KNSA. ☀️

After-Market Earnings: $HD, $AMC, $LCID, $HYLN, $FSLR, $O, $CLNE, $NVTS, $MELI, $TEM, $WDAY, $AXON, $CAVA, $CORZ, $HPQ, and many many more. 🌙

P.S. You can listen to all of these earnings calls on Stocktwits.

📈 Trump tariffs live updates: Trump raises 'global' tariff to 15%; EU postpones vote on US deal

🤑 Early winners and losers emerge as Trump revamps his tariff regime

😨 US citizens urged to ‘shelter in place’ after Mexico drug lord’s killing sparks wave of violence

⛷ Blizzard warnings, travel bans in effect as brutal storm pounds Northeast

💰 'We are concerned': Scott Bessent says Treasury is keeping a close eye on the private credit market

📺 Paramount submits higher offer for Warner Bros Discovery in bid to block Netflix, source says

👀 Software, Payment Shares Sink After Citrini Post on AI Risks

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