Stock markets down as Chinese AI startup DeepSeek impacts tech stocks; overall negative.

From Nasdaq: 2025-01-27 12:00:27

Stock markets are down, with S&P 500, Dow Jones, and Nasdaq all in the red. Technology stocks are taking a hit due to Chinese AI startup DeepSeek’s competitiveness. President Trump’s tariff threats on Colombia and China’s weak PMI data add to market jitters. Earnings season and the upcoming FOMC meeting are also in focus.

Interest rates are down as investors seek safe-haven assets like T-notes. European bond yields are lower too. ECB is expected to cut rates. Chip stocks like Marvell, Broadcom, and Nvidia are plummeting. AI and tech giants like Microsoft and Alphabet are also facing losses. Cryptocurrency-related stocks are down.

SoFi Technologies and GE Vernova are among the biggest losers. Akero Therapeutics and AT&T are seeing gains. Defensive healthcare and consumer staple stocks are up. Logility Supply Chain Solutions, Crown Castle, and Portillo’s are among the top gainers. American Tower, Qorvo, and Waste Management are also up.

Earnings reports from companies like AT&T and Nucor Corp are due. The markets are volatile due to various factors including geopolitical tensions, economic data, and corporate earnings. Stay tuned for more updates as the week progresses.



Read more at Nasdaq: Stocks Slump as China’s DeepSeek Rattles Tech Stocks