Stock market today: Nasdaq clobbered, Nvidia sinks 17% while Dow stages comeback as AI fears shake markets

Stock market today: Nasdaq clobbered, Nvidia sinks 17% while Dow stages comeback as AI fears shake markets

Chinese startup DeepSeek has sparked a shake-up in the AI industry with the launch of its latest models, which it claims rival or exceed the performance of leading U.S. models at a fraction of the cost. DeepSeek’s AI Assistant, powered by its DeepSeek-V3 model, has already overtaken ChatGPT as the top-rated free app on the U.S. The selloff in AI-linked stocks comes after the rise of DeepSeek, a Chinese AI startup that has drawn attention for offering a competitive, lower-cost alternative to Microsoft-backed OpenAI’s ChatGPT.

Latest On Dow Jones Industrial Average

Each participant drew questions and shared their insights, knowledge and some personal fun facts that left us inspired about the future of health and wellness. Entrepreneurs come to the NYSE to realize their ideas and change the world. We teamed up with 3M’s Post-it® Brand to encourage future leaders visiting our building to take a step toward making their goals and dreams happen.

There were also more tariff headlines with the FT reporting that newly confirmed Treasury Secretary Bessent is pushing for universal tariffs starting at 2.5% and increasing by that amount monthly which could reach 20%. When asked President Trump said he supports an across-the-board tariff of “much bigger” than that level. This morning’s earnings reports for the most part were fine but were met with a mixed response. Futures bounced modestly overnight led by the stocks that were most beaten up yesterday however, those gains faded by the open. “These companies have deep pockets and talent,” Nancy Tengler, the chief investment officer of Laffer Tengler Investments, said in a note, pointing to reports that Meta had already set up war rooms to analyze DeepSeek. “We will soon find out if all the claims are true and it is my expectation that we will also learn how quickly US firms can adapt.”

Realtime Prices for Dow Jones Stocks

There are no fixed times for reviewing the composition of the index, since changes are only made by the commission as and when they are needed. Like the Swiss Market Index (SMI), the Dow Jones is a price index. The shares included in it are weighted according to price; the index level represents the average of the shares included in it. Nvidia stock shed 17% on Monday and erased $589 billion from its market cap, the worst single-day loss of market value ever amid panic over DeepSeek. “DeepSeek is a word you’ve heard all weekend, and you’ll hear all day today,” Jeff Kilburg, the CEO of KKM Financial, told CNBC on Monday.

Donald Trump’s Freeze on Federal Grants and Loans Halted by Judge

• This morning’s earnings reports for the most part were fine but were met with a mixed response.
• It is very different from the Republican chart, since, of those presidents shown, only Jimmy Carter left office with the stock market lower than when he arrived, and that by a modest 13%.
• The Nasdaq tanked on Monday as a Chinese startup rattled faith in US leadership and profitability in AI, taking a hammer to Nvidia (NVDA), wiping out a record $589 billion in market value.
• The S&P 500 lost 2.3% at intraday lows, and the Dow Jones Industrial Average lost as many as 398 points.
• Shiller’s data makes it possible to look at the relationship between who is the president and stock prices since 1925.
• The tech-heavy Nasdaq 100 dropped as much as 3.6%, with semiconductors and the most popular names of the AI trade seeing the deepest losses.

U.S. stock futures are lower to close out the final full trading week of the year. However, the Dow, S&P 500 and Nasdaq still are tracking dowmarkets for weekly gains after solid sessions on Monday and Tuesday. Entering Friday, the Dow is up 15% year to date, the S&P is up 26.6% and the tech-heavy Nasdaq has added 33.4%. Many factors are at work to explain this, but the overriding fact is that Republicans are less likely to regulate the financial sector, or across the board, than Democrats.

• But this isn’t just another Q&A series, we took those answers and transformed them into art – using AI, of course.
• The NYSE sent a crew to Madrona’s IA Summit in Seattle, where we had a chance to meet the leaders of exciting companies in AI and ask them to share questions and prompts on a variety of thought-provoking topics.
• The stock market showed mixed results on Monday, with the S&P 500 down 1.7% despite 324 members rising.
• Stocks edged 0.1% lower in Shanghai after a survey of manufacturers showed export orders in China dropping to a five-month low.
• The open-source model was first released in December, when the company said it took only two months and less than $6 million to create.
• The Dow Jones Industrial Average briefly rallied to breakeven on Monday morning before dropping 50 points, as the broader market continued to face pressure.
• Chinese startup DeepSeek overtook ChatGPT to become the top-rated free application on Apple’s App Store in the U.S. on Monday.

DeepSeek is the main event Monday, but Wall Street reiterates ‘tariffs are coming’

More than 80% of stocks in the Nasdaq 100 retreated in Monday’s premarket, highlighting a significant downturn in tech stocks. The index fell over 4%, with key players like Marvell Technology, Broadcom, Constellation Energy, and Nvidia each suffering losses of more than 11%. The stock market showed mixed results on Monday, with the S&P 500 down 1.7% despite 324 members rising. The selloff was largely driven by a decline in stocks tied to the artificial intelligence sector, with the tech-heavy index hit hard. Recent comparative research shows that countries can pay a high price for populist economic policies.

Nvidia and the market’s favorite tech darlings are getting crushed by DeepSeek’s AI push

Eyes will be on guidance for future profit as DeepSeek raises questions about prospects for revenue. The Nasdaq tanked on Monday as a Chinese startup rattled faith in US leadership and profitability in AI, taking a hammer to Nvidia (NVDA), wiping out a record $589 billion in market value. Information is provided ‘as is’ and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab). We asked some of the most curious minds in life sciences and healthcare to share thoughts on their careers, the future of health and more.

The sharp decline follows concerns about DeepSeek, a Chinese startup’s large language model, which has sparked a global sell-off in tech stocks. Get the latest updates on US markets, world markets, stock quotes, crypto, commodities and currencies. Oracle and SoftBank, which were part of a $500 billion deal President Donald Trump announced last week to build more AI infrastructure, also dropped. Oracle shares were down as much as 9%, while SoftBank shares were down 8% after Tokyo’s stock exchange closed on Monday.

This shift is prompting traders to question the high expectations placed on semiconductor and utility firms to benefit from the AI boom. Some analysts, like Roth’s Rohit Kulkarni, suggest that U.S. companies may have overestimated the unlimited capital available for AI growth, leading to increased scrutiny in 2025. The second chart shows changes in stock prices during the incumbencies of eight Democratic presidents during this period. It is very different from the Republican chart, since, of those presidents shown, only Jimmy Carter left office with the stock market lower than when he arrived, and that by a modest 13%. But could the market hit a significant downturn during Trump’s second term in the White House? At first sight this seems unlikely because it did well during his first term, from 2016 to 2020 (see chart below).

NYSE American Options

The open-source model was first released in December, when the company said it took only two months and less than $6 million to create. The third crash occurred in December 2007 when George W Bush was the president. It had its origins in the deregulation of the financial sector which had occurred in the US after Ronald Reagan became president in 1980. Lax financial regulations led to ever increasingly risky assets and trading practices on Wall Street starting in the real estate market. AGI, as defined by OpenAI, refers to autonomous systems that outperform humans in most economically valuable tasks.