What moved the Nasdaq today?

Nasdaq today fell to 24,797.34, down 0.86%, as tariff policy uncertainty rose. A court ruling voided many past import taxes while new tariffs are discussed, clouding earnings and cash flows. Lighter-than-average volume softened conviction. Key levels include the 50-day at 25,358.95, the 200-day at 23,984.42, and the lower Bollinger band at 24,277.68.

How could the US Supreme Court tariff ruling affect tech earnings?

The ruling opens the door to tariff refunds, which can distort cash timing and accounting. At the same time, talk of broader new tariffs can raise input costs. Together, they complicate guidance and budget plans. Management may delay hiring and capex, and investors might apply a higher discount to earnings until timelines are clear.

What are tariff refunds and who benefits from them?

Tariff refunds return money paid on duties that are later voided or reduced. Importers that paid the original levies may receive cash back. That can boost liquidity in the short term, but timing is uncertain. Suppliers and customers may also renegotiate contracts, which can shift where the benefit ultimately lands.

What should Australian investors watch next?

Track policy updates on Trump tariffs and refund procedures, the AUD’s direction, and sector moves in US semis and cloud. Watch Nasdaq today levels near 25,358.95 and 24,277.68. For local exposure, review USD sensitivity and margins on US sales. Keep position sizes measured until the tariff path and timelines become clearer.

Global Market Insights

^NDX Today, February 24: Tariff Uncertainty Puts Nasdaq at Risk

ByDanny Kontos February 24, 2026February 24, 2026

Nasdaq today is under pressure as tariff policy whiplash clouds earnings visibility. The Nasdaq-100 ^NDX sits at 24,797.34, down 0.86% (-215.28). A US Supreme Court ruling voiding many past import taxes and talk of broad new Trump tariffs raise refund liabilities and costs. With timelines unclear, traders are trimming risk in growth names. For Australian investors, tariff refunds and new levies can shift cash flows, margins, and the AUD, lifting volatility across tech and export-linked plays tied to US demand.