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US Stock Market LIVE: S&P 500, Nasdaq rebound, Nvidia gains 6% after DeepSeek triggered selloff


US Stock Market LIVE: Wall Street regained some ground after suffering a massive wipeout in market value dragged by the popularity of a low-cost Chinese artificial intelligence (AI) model, ‘DeepSeek,’ which rattled stocks of US companies invested in the technology in the previous session. The S&P 500 was up about 0.5 per cent, and the Dow Jones Industrial Average was about 0.4 per cent higher. The tech-heavy Nasdaq added more than one per cent.

General Motors slid 8.2 per cent despite the company posting fourth-quarter results and a 2025 earnings forecast ahead of expectations. The tech-heavy Nasdaq dropped more than three per cent on Monday, its worst single-day showing in more than a month, while the benchmark S&P 500 fell close to 1.5 per cent.

Monday’s selloff came after Chinese startup DeepSeek launched AI models it says are on a par or better than industry-leading models in the United States at a fraction of the cost. AI chip leader Nvidia rose 4.8 per cent in pre-market trading, a day after $600 billion was wiped off its market value and the stock crashed 17 per cent, in the biggest single-session loss for any company. 

Other AI-linked stocks also regained some ground, with Oracle and Broadcom rising 3.5 per cent and 4 per cent, respectively. Power companies, which are expected to see a surge in demand from energy-intensive data centers needed to develop AI technology, were broadly higher after tumbling a day earlier. Vistra and GE Vernova added 4.6 per cent and three per cent.

DeepSeek rattles Silicon Valley

DeepSeek, which overtook the rival AI platform ChatGPT to become the top-rated free application on Apple’s App Store in the United States, says it uses lower-cost chips and less data, challenging a widespread bet in markets that AI will drive demand along a supply chain from chipmakers to data centres.

DeepSeek’s quick dominance raised questions over Microsoft., Meta Platforms, and Alphabet’s hundreds of billions in planned spending on AI. The recently launched AI model is now seen as a strong rival to those from OpenAI and Meta Platforms Inc., as it is more cost-effective and operates on less powerful chips.

The DeepSeek-V3 model was developed with an investment of $5.6 million, a fraction of the amounts the US tech giants spent. The open-source technology product has quickly risen to the top of Apple Inc.’s App Store rankings.

28 Jan 2025, 11:54:41 PM IST

US Stock Market LIVE: Nvidia gains 6% after DeepSeek selloff wiped off $600 billion in market value

US Stock Market LIVE: Global technology stocks regained some ground on Tuesday, a day after the low-cost Chinese AI model rattled markets. At the same time, traders rotated back into the dollar from safe-haven currencies.

The tech rebound boosted Wall Street’s main stock indices, with the S&P 500 up about 0.75 per cent and the Dow Jones Industrial Average about 0.3 per cent higher. The tech-heavy Nasdaq added about 1.7 per cent. Nasdaq shares tumbled on Monday as chip giant Nvidia dived 17 per cent, losing nearly $593 billion of its value in the biggest one-day market capitalization loss in history.

Behind the rout was the emergence of a low-cost Chinese artificial intelligence model, DeepSeek, which made investors question the dominance of AI bellwethers and their suppliers. Nvidia shares gained six per cent on Tuesday, with Apple up nearly four per cent.

28 Jan 2025, 11:45:11 PM IST

US Stock Market LIVE: US Federal Reserve starts rate deliberations with rate pause expected

US Stock Market LIVE: The US Federal Reserve began two days of interest rate discussions Tuesday, with analysts overwhelmingly expecting a pause to cuts as they wait for the new Trump administration to make policy.

The first day of deliberations began at 8:30 am (1330 GMT) local time in Washington on Tuesday, as scheduled, the Fed said in a statement. Its decision will be published at 2:00 pm local time Wednesday.

The US Fed, which has a dual mandate to tackle both inflation and employment, cut rates by a full percentage point over three consecutive meetings at the end of last year, as policymakers turned attention from lowering inflation to supporting the labor market.

That left its benchmark lending rate at between 4.25 and 4.50 per cent. An uptick in inflation at the end of 2024 away from the bank’s long-term target of two percent, and uncertainty over the direction of policy under new US President Donald Trump, should keep them on pause this month, analysts predict.

28 Jan 2025, 09:50:35 PM IST

US Stock Market LIVE: Wall Street swings between gains and losses on Tuesday

US Stock Market LIVE: The S&P 500 swung between gains and losses on Tuesday as advancing megacap stocks including Apple helped arrest declines even as a mixed bag of corporate earnings fueled volatility.

General Motors slid 8.2 per cent despite the company posting fourth-quarter results and a 2025 earnings forecast ahead of expectations. Boeing shares, last up six per cent, were volatile after the planemaker reported its biggest annual loss since 2020.

At 10:02 a.m. ET, the Dow Jones Industrial Average rose 3.93 points, or 0.01 per cent, to 44,717.51, the S&P 500 gained 6.97 points, or 0.12 per cent, to 6,019.42 and the Nasdaq Composite gained 105.38 points, or 0.54 per cent, to 19,447.21.

Nine of the 11 S&P 500 sectors were in the red, with utilities and industrials leading declines. Helping limit losses on the Nasdaq, Apple jumped 2.5 per cent early on, while most megacap stocks also trended higher after a bruising Monday.

The previous session’s steep decline in tech stocks came after Chinese startup DeepSeek launched artificial intelligence models it said were on a par or better than industry-leading rivals in the United States at a fraction of the cost.

AI chip leader Nvidia rose 1.5 per cent a day after $593 billion was wiped off its market value in the biggest single-session loss for any company. A gauge of semiconductor shares edged 0.1 per cent lower after losing more than nine per cent on Monday.

28 Jan 2025, 09:37:29 PM IST

US Stock Market LIVE: Tech stocks, US dollar rebound after DeepSeek-triggered selloff

US Stock Market LIVE: Technology stocks regained some ground on Tuesday with chipmaker Nvidia up about 2.5 per cent in early trading, a day after it suffered the biggest one-day market capitalization loss in history, and traders moved back out of safe-haven currencies into the dollar. 

On Wall Street, the mood was calmer than it was on Monday, with the S&P 500 up about 0.5 per cent and the Dow Jones Industrial Average about 0.4 per cent higher. The tech-heavy Nasdaq added more than one per cent.

Nasdaq shares tumbled on Monday as chip giant Nvidia dived 17 per cent, losing nearly $593 billion of its value in the biggest one-day market capitalization loss in history. 

Behind the rout was the emergence of a low-cost Chinese artificial intelligence model, DeepSeek, which made investors question the dominance of AI bellwethers and their suppliers, which has sent shares of tech companies and chip firms soaring.

28 Jan 2025, 09:10:13 PM IST

US Stock Market LIVE: D-Street expert on China’a AI impac

US Stock Market LIVE: Akshay Chinchalkar, Head of Research, Axis Securities comments on DeepSeek impact,

“Yesterday was a day for DeepSeek, whose R1 model created plenty of global flutter, so much so that Nvidia suffered a $600B erosion in market value in a single-session, the biggest for any stock ever. 

While its too early to comment on what that would mean for India’s IT sector, three things are very clear – one, more can be done with much lesser financial resources, two, building models that are as good as the more popular language models out there doesn’t have to take forever, and three, the gap between closed-ended models such as GPT-4o and open source counterparts will continue to narrow.

That said, what Deepseek’s solution has made amply clear is that the opportunity ahead is immense, particularly for a market as cost-sensitive as India. Affordability is a key metric in almost all domestic businesses and the fact that R1 was able to go to market with a build cost that is a fraction of what the large American players have accounted for, in itself is a gamechanger in the AI race for supremacy.”

28 Jan 2025, 08:56:13 PM IST

US Stock Market LIVE: US tech stocks edge lower for second day

US Stock Market LIVE: Tech stocks nudged lower on Tuesday with chipmaker Nvidia falling two per cent in early trade, a day after it suffered the biggest one-day market capitalisation loss in history, though traders did shift back out of safe-haven currencies into the dollar.

While the mood was far calmer than it was on Monday, share markets still struggled to regain much of the ground they had lost, and the three main U.S. share benchmarks all hovered either side of flat in early trade.

The S&P 500, was last down 0.2 per cent at 5,998.4 and the Nasdaq dropped a similar amount to 19,309. Both, particularly the Nasdaq, tumbled sharply on Monday as chip giant Nvidia dived 17 per cent, wiping off nearly $593 billion in the biggest one-day market capitalisation loss in history.

Behind the rout was the emergence of a low-cost Chinese artificial intelligence model, DeepSeek, which made investors question the dominance of AI bellwethers and their suppliers, which have sent shares of tech companies and chip firms soaring.

28 Jan 2025, 08:47:06 PM IST

US Stock Market LIVE: US tech stocks nudge lower day after steep selloff, dollar rebounds

US Stock Market LIVE: Tech stocks nudged lower on Tuesday, with chipmaker Nvidia falling two per cent in early trade, a day after it suffered the biggest one-day market capitalisation loss in history. However, traders did shift back out of safe-haven currencies into the dollar.

While the mood was far calmer than it was on Monday, share markets still struggled to regain much of the ground they had lost, and the three main U.S. share benchmarks all hovered either side of flat in early trade. The S&P 500 was last down 0.2 per cent at 5,998.4, and the Nasdaq dropped a similar amount to 19,309.

Both, particularly the Nasdaq, tumbled sharply on Monday as chip giant Nvidia dived 17 per cent, wiping off nearly $593 billion in the biggest one-day market capitalisation loss in history. Investors’ reassessment of developments in the AI sector will also heighten investor interest in this week’s earnings at Microsoft, Tesla and Meta.

28 Jan 2025, 08:36:31 PM IST

US Stock Market LIVE: DeepSeek challenges Mag 7 giants, say experts

US Stock Market LIVE: Devarsh Vakil, Head – Prime Research, HDFC Securities comments on DeepSeek impact,

“DeepSeek’s breakthrough in AI model development, leveraging widely available resources, represents a paradigm shift in how artificial intelligence can be created and deployed. This approach directly challenges the narrative of US technological exceptionalism, particularly the dominance of the ‘Magnificent Seven’ tech giants. 

Such disruption raises concerns for the NASDAQ index, where these companies’ outsized market capitalizations, worth trillions of dollars, heavily influence market performance. For AI users globally, particularly Indian software service companies, this democratization of AI development offers tremendous potential. 

The prospect of reduced costs in creating and deploying AI tools could enable organizations across sectors to harness this technology and expand their capabilities. This accessibility marks a significant step toward broader adoption and innovation in artificial intelligence.”

28 Jan 2025, 08:26:14 PM IST

US Stock Market LIVE: US tech stocks skittish and flipping between gains and losses after their rout

US Stock Market LIVE: Nvidia and other US tech stocks are skittish on Tuesday and flipping between gains and losses a day after tumbling on doubts about whether the artificial-intelligence frenzy really needs all the dollars being poured into it. 

The Dow Jones Industrial Average was up 64 points, or 0.2 per cent, as of 9:40 a.m. Eastern time, and the Nasdaq composite was down 0.1 per cent a day after sliding 3.1  per cent. The spotlight remains on Nvidia, whose chips are powering much of the move into AI and whose stock has become a symbol of the surrounding frenzy. 

It slipped 0.8 per cent Tuesday after losing an initial gain following its plunge of nearly 17 per cent plunge the day before, its worst since the 2020 COVID crash. Other AI-related companies also flipped from initial gains to losses.

This included drops of 0.8 per cent for chip company Broadcom and 3.7 per cent for Constellation Energy, which has climbed on expectations it will help supply the electricity that vast AI data centers would gobble up.

They are under threat after DeepSeek, a Chinese company, said it was able to develop a large language model that can perform as well as big US rivals but at fraction of the cost. That raises questions about whether all the spending expected for AI chips and electricity will need to happen.

28 Jan 2025, 08:16:49 PM IST

US Stock Market LIVE: Nvidia shares edge higher on Tuesday

US Stock Market LIVE: Nvidia’s shares edged higher Tuesday, and the tech-focused Nasdaq index logged early gains as Wall Street opened, a day after the chipmaker was battered by revelations surrounding a new, apparently low-cost Chinse artificial intelligence venture. Minutes into trading, the Dow Jones Industrial Average rose 0.1 percent to 44,767.21, while the broad-based S&P 500 was flat at 6,012.52, as was the Nasdaq Composite Index at 19,349.02.

28 Jan 2025, 08:09:41 PM IST

US Stock Market LIVE: Wall Street opens higher on Tuesday

US Stock Market LIVE: The S&P 500 and the Nasdaq opened higher on Tuesday as AI-linked shares recouped some of the previous session’s sharp losses and a mixed bag of corporate earnings fueled volatility.

The Dow Jones Industrial Average rose 42.8 points, or 0.10 per cent, at the open to 44,756.36. The S&P 500 rose 14.7 points, or 0.24 per cent, at the open to 6,026.97​, while the Nasdaq Composite rose 76.4 points, or 0.39 per cent, to 19,418.219 at the opening bell.

28 Jan 2025, 08:05:05 PM IST

US Stock Market LIVE: D-Street experts analyze DeepSeek impact

US Stock Market LIVE: Subho Moulik, Founder and CEO, Appreciate comments on DeepSeek’s impact on US tech stocks:

“The market’s ‘shoot first, ask questions later’ reaction to DeepSeek’s AI chatbot is another reminder of the AI industry’s tendency to jump the gun. Sure, the sudden emergence of DeepSeek is a ‘Sputnik-like moment’ for the US and potentially undermines US AI exceptionalism, but we see yesterday’s panic selling to be overdramatic. Especially given that DeepSeek’s claim of building its model for a fraction of the cost – $6 million compared to over $100 million to train the latest version of ChatGPT – is yet to be verified.

Further, the training cost doesn’t take into account the existing R&D and the quality of chips used. From what we know so far, DeepSeek was trained on less-advanced Nvidia chips instead of Chinese hardware, which makes it tough for them to sustain their cutting-edge in this field due to the US’s policy to curb chip export to China.

As such, Big Tech is likely to get hammered over the next few days. Lofty valuations and US exceptionalism will take a beating, as investors scramble for safer havens. Not surprising that Nasdaq Futures are significantly down and the Volatility Index has spiked to 40 per cent. However, BigTech should retain its magnificence medium to long term

28 Jan 2025, 07:49:34 PM IST

US Stock Market LIVE: US markets stable ahead of opening bell

US Stock Market LIVE: US markets stabilised Tuesday following a wipeout a day earlier when a Chinese AI startup startled markets with its capacity to compete with American tech giants. Futures for the S&P 500 and the tech-heavy Nasdaq ticked up 0.2 per cent before the bell. 

That follows Monday’s declines of 1.5 per cent and 3.1 per cent respectively. Dow Jones futures were down 0.1 per cent in the early going. Many of Monday’s big losers clawed back some of their losses, including chipmaker Nvidia, which rose 3.4 per cent in premarket after tumbling nearly 17 per cent a day earlier. 

Another chip giant, Broadcom, was up 3.3 per cent in early trading following a 17.4 per cent decline a day earlier. Software maker Oracle, which fell 13.8 per cent on Monday, rose 2.5 per cent before markets opened Tuesday.

28 Jan 2025, 07:33:44 PM IST

US Stock Market LIVE: US stocks in pre-market trade

US Stock Market LIVE: At 08:33 a.m. ET, Dow E-minis were down 36 points, or 0.08 per cent, S&P 500 E-minis were up 12.25 points, or 0.2 per cent, and Nasdaq 100 E-minis were up 58 points, or 0.27 per cent. Boeing shares, last down 0.3 per cent, were volatile after the planemaker reported its biggest annual loss since 2020.

Royal Caribbean gained 4.6 per cent as the cruise operator forecast annual profit largely above expectations, while Lockheed Martin dropped 3.3 per cent after the defense giant forecast 2025 profit below estimates.

Credit card-focused consumer banking firm Synchrony Financial dipped 4.7 per cent after forecasting lower net revenue for 2025, while aerospace and defense major RTX gained 4.8 per cent after posting a rise in quarterly profit.

28 Jan 2025, 07:16:57 PM IST

US Stock Market LIVE: D-Street experts say mega-cap stocks exposed

US Stock Market LIVE: Arindam Mandal, Head of Global Equities at Marcellus Investment Managers said on US market performance,

“The US market’s performance has been concentrated in a narrow set of tech stocks, leading to high S&P 500 headline multiples, while the broader market remained stable. This prompted our low exposure to mega-cap stocks (28 per cent of GCP vs. 54 per cent for the market), driven by concerns about tech, particularly the sustainability of the current data centre surge beyond 2026.

28 Jan 2025, 06:57:33 PM IST

US Stock Market LIVE: Bitcoin drop fueled by shakeup in AI casts cloud over crypto rally

US Stock Market LIVE: An upheaval in global markets sparked by Chinese artificial intelligence startup DeepSeek triggered volatility in digital assets, raising fresh questions about the outlook for crypto following last year’s boom in prices.

Bitcoin traded at $102,800 as of 6:15 a.m. Tuesday in New York, partly paring a three per cent drop from in the prior session that came amid a plunge in the Nasdaq 100 Index of US tech stocks. Tokens such as Ether and Solana snapped deeper selloffs.

The sudden success of DeepSeek signaled growing AI competition from China, exacerbating worries over the sustainability of rich US tech stock valuations predicated on leadership in innovation. The risk for crypto is that such angst can dent wider speculative ardor, blunting the boost from President Donald Trump’s executive order in favor of supportive digital-asset regulations.

Bitcoin’s tight correlation with US tech stocks underlines the vulnerability. A 30-day correlation coefficient for the cryptocurrency and the Nasdaq 100 is at about 0.67, data compiled by Bloomberg show. A reading of 1 indicates assets are moving in lockstep, while minus 1 signals an inverse tie.

The token reached a record of $109,241 ahead of Trump’s inauguration on Jan. 20 but subsequently slipped back. His presidential action on Thursday failed to trigger much of a market reaction. Bitcoin jumped 465 per cent over 2023 and 2024, leading some to ask how much longer the good times can last.

Some corners of the digital-asset market are already mired in a deepening pullback. A gauge tracking the bottom half the largest 100 digital assets is down more than 10 per cent since the turn of the year.

 

28 Jan 2025, 06:23:28 PM IST

US Stock Market LIVE: Nasdaq futures edge higher after Nvidia rebounds

US Stock Market LIVE: US stock futures fluctuated after Monday’s tech-fueled selloff as traders scooped up beaten-down chipmakers and power providers. Nasdaq 100 contracts added 0.1 per cent following a three per cent retreat on Monday and S&P 500 futures were steady. 

Nvidia Corp. jumped four per cent in pre-market trading after plunging 17 per cent yesterday. Broadcom Inc. and Marvell Technology Inc. advanced. Constellation Energy Corp, which helps AI’s power-hungry data centers, gained three per cent after yesterday’s 21 per cent wipeout. In Europe, stocks climbed on the back of upbeat earnings.

28 Jan 2025, 06:00:34 PM IST

US Stock Market LIVE: S&P 500, Nasdaq futures steady, Nvidia up 5% in pre-market trade

US Stock Market LIVE: S&P 500 and Nasdaq futures steadied on Tuesday after steep losses in the previous session driven by the popularity of a low-cost Chinese artificial intelligence model that rattled stocks of US companies invested in the technology.

Monday’s selloff came after Chinese startup DeepSeek launched AI models it says are on a par or better than industry-leading models in the United States at a fraction of the cost. The tech-heavy Nasdaq dropped more than three per cent on Monday, its worst single-day showing in more than a month, while the benchmark S&P 500 fell close to 1.5 per cent.

28 Jan 2025, 05:42:58 PM IST

US Stock Market LIVE: Nasdaq futures bounce back after Nvidia gains 5%

US Stock Market LIVE: US stock futures staged a small rebound after Monday’s tech-fueled selloff as traders scooped up beaten-down chipmakers and power providers. S&P 500 futures added 0.4 per cent and Nasdaq 100 contracts gained 0.7 per cent following a three per cent retreat on Monday. 

Nvidia Corp. jumped five per cent in pre-market trading after plunging 17 per cent yesterday. Broadcom Inc. and Marvell Technology Inc. advanced. Constellation Energy Corp, which helps AI’s power-hungry data centers, gained 4.7 per cent after yesterday’s 21 per cent wipeout. In Europe, stocks climbed on the back of upbeat earnings.

28 Jan 2025, 05:13:38 PM IST

US Stock Market LIVE: DeepSeek rattles US tech stocks

US Stock Market LIVE: Several measures of stock market health suggest that Monday’s sudden slump was in fact mostly an isolated hit to the world’s biggest technology firms and AI-related shares. The Nasdaq 100 slid three per cent and Nvidia Corp. plunged 17 per cent — shedding almost $600 billion in market value in the biggest wipe-out in history. That came as Chinese startup DeepSeek’s latest model shook the belief that only Big Tech with huge budgets can compete in the artificial intelligence field — questioning the investment case that has favored the biggest players with rich valuations.



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