Stocks Open Sharply Lower. DeepSeek Sends Tech Stocks Plummeting.
A Chinese artificial intelligence start-up sent the stock market into a tailspin on Monday.
The Nasdaq Composite sank 3.6% shortly after the market opened. The S&P 500 dropped 2.1%. The Dow Jones Industrial Average was down 243 points, or 0.5%.
Driving the steep decline was DeepSeek,
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Read MoreTech stocks fall as China's DeepSeek sparks U.S. worries about the AI race
Tech stocks plunged Monday morning, as fears mounted that Chinese artificial intelligence firm DeepSeek leapfrogged U.S. dominance in AI development.
The Nasdaq Composite, which tracks the country’s largest tech firms, plunged 3.4% at the opening bell. The Dow fell 180 points and the S&P 500 tumbled nearly 2%.
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Read MoreIamgold's Cote Gold Boosts Production, But Valuation Caps The Upside
Mountain Valley Value Investments specializes in identifying undervalued companies with strong growth potential across various sectors.
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Read MoreUS Stock Market LIVE: Nasdaq share price crashes 5%, other tech stocks crack over 7% on DeepSeek fear
US Stock Market News LIVE: Nasdaq futures dropped 5% along with US technology stocks amid fears that a more affordable artificial intelligence model from China could challenge the dominance of US tech companies. Nvidia, a leading provider of chips for AI applications, saw a 12.3% decline in premarket trading. Other semiconductor companies,
A full-blown US, Colombia trade war averted. Here's why it could have been disastrous
The trade tensions between the United States and Colombia erupted into a high-stakes standoff on Sunday, stemming from the South American nation’s initial refusal to accept deportation flights carrying Colombian nationals aboard US military aircraft.
Colombian President Gustavo Petro’s government cited concerns about the undignified treatment of migrants during deportations, a move aligned with his administration’s emphasis on human rights and sovereignty.
Read MoreThe Burst
1 Weird Seasonal Trend Starting Now
Some things can’t easily be explained in the stock market and seasonal trends rank right up there among the conundrums that puzzle even the smartest investors.
Take for example the case of frozen potato processor Lamb Weston that has a weird seasonal trend starting now. It’s a bit difficult to understand precisely why such a powerful force starts at this time of year for the firm,
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Read MoreThe Ivy
65% of Bill Gates Portfolio Is In 3 Stocks
Diversify is the name of the game. Spread your eggs across a lot of baskets. That’s what the professionals say, but why then do the rich do the exact opposite so often?
Take Bill Gates, for example, he’s got 65% of his portfolio allocated to just 3 stocks. Billions upon billions of dollars are invested in less than a handful of stocks and one of them in particular is likely to really surprise you.
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Read MoreThe Spotlight
Market Commentary: Why Did Nvidia Go Up So Much?
A powerful investing lesson lies hidden in the movement of Nvidia this year. As the calendar turned to 2023, the stock was trading at $143 per share. Within fewer than two quarters, it had catapulted well above $300 per share. What could justify a 169% year-to-date return?