Market

The Nasdaq plunged by nearly 3% on Monday, led by a sell-off in tech stocks following concerns about US leadership in artificial intelligence (AI) after the emergence of Chinese startup, DeepSeek. Chip-related stocks, such as Nvidia, ASML, and Broadcom, faced significant losses as investors reassessed AI-driven growth prospects. The Dow Jones Industrial Average fell by 0.2%, while the S&P 500 dropped by 1.7%. Economic data releases, including the Chicago Fed National Activity Index and new home sales, are expected today, while investors await earnings reports from companies like AT&T, Nucor, and SoFi.

Published on: January 27, 2025, 03:01 PM UTC

Chinese startup DeepSeek jolts AI dominance narrative, US tech stocks plunge (Nasdaq down 2.65%)

Published on: January 27, 2025, 03:01 PM UTC

Nvidia's Plunge Erases Record Stock Market Value Amid AI Concerns

Published on: January 27, 2025, 03:00 PM UTC

Activist Ancora Holdings nominates board candidates for US Steel, urges Nippon Steel deal abandonment and breakup fee collection.

Published on: January 27, 2025, 03:00 PM UTC

Trading cards have become a new type of investment, with companies like PSA authenticating and grading them for investors. Listen to Ryan Hoge of PSA explain how the trading card market has grown and become an essential part of some investors' portfolios.

Published on: January 27, 2025, 02:03 PM UTC

Overnight futures tumble on Monday, led by tech stocks, amid concerns over a Chinese AI startup's impact on US tech giants and overall revenue growth prospects.

Published on: January 27, 2025, 02:02 PM UTC

U.S. stock futures sink on AI competition worries, Nvidia and ASML drop; AT&T stock rises after Q4 profit surge; Colombia accepts deported migrants after Trump tariff threat; Venture Global stock falls further after debut.

Published on: January 27, 2025, 02:01 PM UTC

Vale SA's stock has declined due to macroeconomic factors, including China's economic slowdown and falling iron ore prices. The company's revenue is heavily reliant on China, and the decline in demand has impacted its financial performance. Vale is implementing strategies to diversify its portfolio and mitigate risks.

Published on: January 27, 2025, 02:01 PM UTC

A Labour MP proposes a scheme for under-40s to access £11,500 from their state pension to get on the housing ladder, but experts warn it could encourage squandering and prove costly.

Published on: January 27, 2025, 02:00 PM UTC

South Africa's rand fell against the dollar due to political tensions and concerns over US tariff threats, leading to outflows from local asset markets.

Published on: January 27, 2025, 01:06 PM UTC