Market Report - US Close

US close: Nasdaq drops 3% as AI stocks hammered by DeepSeek news

By Benjamin Chiou

Date: Monday 27 Jan 2025

(Sharecast News) - A sell-off in the tech sector drove the S&P 500 and Nasdaq firmly into the red on Monday, as concerns about a bubble in the US artificial intelligence industry hammered market sentiment.
The S&P 500 dropped 1.5% to 6,012.28, falling for the second straight day after settling at...

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