The tech-led rout that gripped US equity markets on Monday left one corner of the market relatively unscathed: the Dow Jones Industrial Average.
Stocks were sharply lower Monday afternoon on concerns about the competitive threat that China poses in the race to develop artificial intelligence.
The Dow Jones tumbled during the overnight session before Monday’s opening bell. Trade war fears are back on the table after Trump gets into a political scuffle with Colombia. Fresh rate cut hopes are bolstering equities from early week lows.
The Dow Jones Industrial Average went up Monday afternoon, as the 10-year Treasury yield fell while investors saw some relief on the tariffs front. However, the Nasdaq Composite tanked as attention on Chinese startup DeepSeek raised the prospect of cheaper AI development.
Wall Street’s superstars tumbled Monday as a competitor from China threatens to upend the artificial-intelligence frenzy they’ve been feasting on.The S&P 500 dropped 1.5%, dragged down in
ET, the Dow Jones Industrial Average fell 0.28 per cent, the S&P 500 lost 1.77 per cent, the Nasdaq Composite lost 3.04 per cent
Wall Street’s main indexes opened lower on Monday (Jan 27), as the surging popularity of a low-cost Chinese artificial intelligence model sparked a selloff in chipmaker Nvidia and other companies that stand to benefit from investments into the technology.
Historically, the Dow has performed better compared to the broader market. According to S&P Global, in the past 30 years up until June 2021, the Dow index returned approximately 11.16% compared to the market’s return of 10.6%. This growth is mainly due to the Dow’s stable, industry-leading companies that offer reliable dividends and returns.
Tech stocks tumbled as Chinese AI startup DeepSeek's advances raised fears of intensified competition, shaking investor confidence. This live blog is closed.
Markets rallied last week but face premarket losses due to AI concerns. A busy week lies ahead with major earnings, economic data, and geopolitical uncertainty.
In the middle of the DeepSeek tech selloff Monday, the classic blue-chip stocks are behaving like - well, blue chips. Throughout the premarket and early selling, the Dow Jones Industrial Average (DJI) has been outperforming.