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Tue, January 28, 2025

Stock Market Today: Nasdaq, S&P 500 down sharply as DeepSeek fears spark $1.1 trillion tech rout, Nvidia drops 14%; Dow turns positive


Published on 2025-01-28 08:21:11 - MarketWatch
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  • The Dow is up roughly 0.3%, versus a fall of 3.11% for the Nasdaq. If it holds, the Dow's 3.41 percentage point outperformance would be its strongest versus the Nasdaq since Nov. 9, 2020, according to Dow Jones Market Data, when the blue-chip gauge outpaced the tech-heavy index by 4.47 percentage points.

The article from MarketWatch discusses a significant downturn in the U.S. stock market, with the Nasdaq leading the declines due to concerns over China's AI sector. The market was reacting to news that China had imposed new restrictions on the use of AI technologies, which raised fears about potential global implications for tech companies. This led to a broad sell-off in technology stocks, affecting major indices like the S&P 500 and the Dow Jones Industrial Average. Investors were also digesting mixed economic signals from the U.S., including robust job growth but persistent inflation concerns, which added to the market's volatility. Additionally, comments from Federal Reserve officials about future interest rate decisions contributed to the uncertainty, with some suggesting a cautious approach to rate hikes amidst the economic backdrop.

Read the Full MarketWatch Article at:
[ https://www.marketwatch.com/livecoverage/stock-market-today-nasdaq-plunge-leads-s-p-and-dow-lower-on-china-ai-fears ]