Nasdaq, S&P 500 fall as China's DeepSeek AI model hits tech shares

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The story "Nasdaq, S&amp;P 500 fall as China&#039;s DeepSeek AI model hits tech shares" was covered 6 days ago by The Straits Times, a news publisher based in Singapore.

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The Straits Times 6d ago

Nasdaq, S&P 500 fall as China's DeepSeek AI model hits tech shares - The Straits Times

Quick Summary:

The Dow Jones Industrial Average rose 291.54 points, or 0.67 per cent, to 44,715.79.

Investors also are keen to hear from the Federal Reserve, which is widely expected to hold its lending rate steady in its first interest-rate decision of the year due on Jan 29.

Nvidia’s shares sank, while an index of semiconductor stocks had its biggest single-day percentage fall since March 2020.