US Stock Market News LIVE: TSX declines as China’s low-cost AI model rattles tech investors

US Stock Market News LIVE: Canada’s main stock index fell on Monday, as investors shaken by the rising popularity of a Chinese discount artificial intelligence model sold AI-linked stocks.

The Toronto Stock Exchange’s S&P/TSX composite index was down 0.7% at 25,292.46, after nine successive sessions of gains. Canada’s information technology sector declined 2%, dragged by a 15.4% drop in electronics firm Celestica. Metal mining shares also fell 1.8%, tracking losses in gold prices. But capped communication shares helped limit the losses by rising over 1%.

US Stock Market News LIVE: Nasdaq 100 trades27 times estimated forward earnings

US Stock Market News LIVE: The slide in tech stocks came at a time when the Nasdaq 100 is trading at 27 times estimated forward earnings, which is significantly above its 10-year average of 22. Nvidia, which has led the way on AI technology, has a valuation multiple of 32. The Russell 2000 slipped 0.21. Wall Street’s “fear gauge” — the VIX — soared the most since mid-December to almost 20.

US Stock Market News LIVE: US tech stocks drag indices

US Stock Market News LIVE: The severity of the selloff in US assets was proportionate to the weightings of AI-enabled firms in the biggest stock indexes. Even after a recent paring to curb their influence, the cohort of Nvdia, Apple Inc., Microsoft Corp., Amazon.com Inc., Meta Platforms Inc., and Alphabet Inc. account for 45 per cent of the Nasdaq 100 Index. It is more than 30 per cent in the S&P 500, leaving both gauges significantly exposed to concerted drops in those names.

US Stock Market News LIVE: Gold retreats as investors liquidate positions in equities sell-off

US Stock Market News LIVE: Gold prices declined over one per cent on Monday, retreating from near-record highs seen in the last session, as investors liquidated bullion positions along with a broader market sell-off sparked by rising interest in Chinese AI start-up DeepSeek.

Spot gold was down 1.1 per cent at $2,741.39 per ounce as of 10:59 a.m. ET (1559 GMT). Prices had risen to near-record high levels on Friday. US gold futures fell 1.2 per cent to $2,744.40 per ounce. Spot silver fell 0.9 per cent to $30.3 per ounce, after logging a 0.9 per cent increase last week.

The sharp declines in global equity markets have driven risk-averse moves across other asset classes, with US Treasury yields dropping to three-week lows and the dollar index hitting its lowest levels since December 18.

US Stock Market News LIVE: US yields drop to multi-week low

US Stock Market News LIVE: US Treasury yields tumbled to multi-week lows on Monday, tracking steep declines in equities, as investors sought the safety of government bonds, with tech stocks sinking on the emergence of a Chinese discount artificial intelligence model. The benchmark 10-year Treasury yield fell to a four-week low and was last down 7.1 basis points at 4.552 per cent. 

Both 20-year and 30-year bond yields also slid to four-week troughs. The rush to bonds came as stocks, particularly tech stocks, fell around the world, as the popularity of a Chinese discount artificial intelligence model DeepSeek jolted investors’ faith in the profitability of AI and the sector’s voracious demand for high-tech chips.

US Stock Market News LIVE: US indices trade lower

US Stock Market News LIVE: The S&P 500 fell 1.5 per cent. The Nasdaq 100 sank 2.4 per cent. The Dow Jones Industrial Average was little changed. A gauge of the “Magnificent Seven” megacaps slid 2.1 per cent. The Russell 2000 slipped 0.21. Wall Street’s “fear gauge” — the VIX — soared the most since mid-December to almost 20. All focus will be on earnings announcements from the likes of Microsoft Corp. and Apple Inc. this week to restore confidence in the so-called Magnificent Seven group of companies.

US Stock Market News LIVE: Nvidia loses $400 billion in market value

US Stock Market News LIVE: DeepSeek, which was developed by a start-up based in the eastern Chinese city of Hangzhou, has shown the ability to match the capacity of AI pace-setters such as Nvidia, which sank more than 11 per cent Monday, giving up some $400 billion in market value.

The tech-rich Nasdaq led major indices lower, falling 2.7 per cent, with AI players Meta, Microsoft and Google parent Alphabet all firmly lower. DeepSeek said they spent only $5.6 million developing their model — peanuts when compared with the billions US tech giants have poured into AI.

US Stock Market News LIVE: Commodities, riskier assets drag

US Stock Market News LIVE: In commodities, crude oil futures slipped after Trump called on Friday for the Organization of the Petroleum Exporting Countries (OPEC) to cut oil prices. US crude was down 0.33 per cent to $74.41 a barrel and Brent fell to $78.30 per barrel, down 0.25 per cent on the day.

Gold fell 0.7 per cent to $2,752 per ounce. Leading cryptocurrency bitcoin slumped more than 3.6 per cent, dropping below $100,000 for the first time in a week, before bouncing to trade at $101,276.

US Stock Market News LIVE: DeepSeek threat follows Trump’s AI plans

US Stock Market News LIVE: The market moves also follow the Donald Trump administration’s high-profile announcement last week that saw OpenAI, SoftBank Group Corp. and Oracle Corp. pledge a $100 billion joint venture called Stargate to build out data centers and AI infrastructure projects around the US.

Worries that big-tech firms may not need to spend as much to train their AI models have sunk the shares of Nvidia, which has been Wall Street’s biggest AI beneficiary over the past two years. 

The stock plummeted 12 per cent as of 9:36 a.m. In New York — poised to shed more than $390 billion in market value. Meanwhile, ASML Holding NV — supplier of some of the world’s most advanced chipmaking machines — dropped as much as 12 per cent in Amsterdam.

US Stock Market News LIVE: US stock market week ahead

US Stock Market News LIVE: The market volatility on Monday kicks off a busy week in which both the Federal Reserve and the European Central Bank meet to set interest rates. In commodities, crude oil futures slipped after Trump called on Friday for the Organization of the Petroleum Exporting Countries (OPEC) to cut oil prices.

US Stock Market News LIVE: Europe market

US Stock Market News LIVE: In Europe, the technology sector led the pan-European STOXX 600 index 0.4 per cent lower, while the blue-chip Euro STOXX 50 dropped one per cent. The STOXX Europe 600 technology index fell 4.4 per cent, its biggest one-day drop since mid-October.

US Stock Market News LIVE: Tech-heavy Nasdaq down 3% in early trad

US Stock Market News LIVE: The S&P 500 was down 1.6 per cent in morning trading. Big Tech stocks took some of the heaviest losses, with Nvidia down 11.2 per cent, and they dragged the Nasdaq composite down 2.7 per cent. The Dow Jones Industrial Average, which has less of an emphasis on tech, was holding up better with a dip of 123 points, or 0.3 per cent, as of 9:50 a.m. Eastern time.

US Stock Market News LIVE: DeepSeek triggers rout AI stocks

US Stock Market News LIVE: All the worries sent a gauge of nervousness among investors holding US stocks toward its biggest jump since August. They also sent investors toward bonds, which can be safer investments than any stock. The rush sent the yield of the 10-year Treasury down to 4.54 per cent from 4.62 per cent late Friday.

It was a sharp turnaround for the AI winners, which had soared in recent years on hopes that all the investment pouring into the industry would lead to a possible remaking of the global economy. Nvidia’s stock had soared from less than $20 to more than $140 in less than two years before Monday’s drop, for example.

Other Big Tech companies had also joined in the frenzy, and their stock prices had benefited too. It was just on Friday that Meta Platforms CEO Mark Zuckerberg was saying he expects to invest up to $65 billion this year, while talking up a massive data center it would build in Manhattan.

US Stock Market News LIVE: Trump’s spat over weekend Colombia

US Stock Market News LIVE: President Donald Trump’s weekend dispute with Colombia contributed to the negative market sentiment. Trump initially imposed extensive tariffs on the country but reversed his decision after an agreement was made on the return of deported migrants. Meanwhile, the yield on 10-year US bonds dropped by 12 basis points to 4.50% as investors flocked to safer assets.

US Stock Market News LIVE: Strategist take on the crash

US Stock Market News LIVE: “Magnificent Seven companies have lofty valuations and also a very high margin outlook. Cheaper AI could squeeze these profits in the longer term. …Capital spending on AI will likely shape tech outlooks and may overshadow otherwise robust results.”

US Stock Market News LIVE: Other factors behind the plunge

US Stock Market News LIVE: The rout in Nasdaq futures comes at the start of a big week for earnings from major tech companies including Apple Inc. and Microsoft. Profit growth is expected to have slowed while valuations remain inflated, once again causing concern over the large AI-driven rally in the sector.

Roughly 278,000 Nasdaq 100 futures contracts changed hands by 6:18 a.m. New York time, about three times more than the 30-day average for this time of day, according to data compiled by Bloomberg.

US Stock Market News LIVE: What does analyst say?

US Stock Market News LIVE: “Launching a competitive (large language) model for consumer use cases is one thing,” Ives wrote in a note to clients. He added, “Launching broader AI infrastructure is a whole other ballgame and nothing with DeepSeek makes us believe anything different.”

US Stock Market News LIVE: Analyst take on US market crash

US Stock Market News LIVE: Dan Ives, an analyst at Wedbush Securities, stated that although the DeepSeek AI technology is noteworthy, the U.S. tech industry remains significantly ahead of China in terms of AI infrastructure.

US Stock Market News LIVE: European tech stocks also plunged

US Stock Market News LIVE: European tech stocks were hit hardest in the selloff, with Dutch chip equipment manufacturer ASML plunging 8.7 per cent. Siemens Energy, a major provider of AI infrastructure, fell by 17.7 per cent, and Schneider Electric dropped 8.1 per cent.

US Stock Market News LIVE: Indian AI player Netweb Technologies dropped 13%

US Stock Market News LIVE: Netweb Technologies’ shares, an Indian AI infrastructure company, dropped by up to 13%, reaching ₹1,605 on the BSE, in line with the global market downturn. The company, which generates approximately 15% of its revenue from AI, has established itself as a key player in the AI ecosystem through an OEM partnership with Nvidia.

US Stock Market News LIVE: Power companies also witnessed a significant decline

US Stock Market News LIVE: Power companies, anticipated to experience a rise in demand from energy-hungry data centers required for AI technology development, also declined. Constellation Energy, Vistra, and GE Vernova saw drops ranging from 12.8% to 16.1%.

US Stock Market News LIVE: Dow E-minis, S&P 500 E-minis and Nasdaq 100 E-minis down

US Stock Market News LIVE: As of 06:56 a.m. ET, Dow E-minis dropped by 415 points, or 0.93%, S&P 500 E-minis fell by 151.75 points, or 2.47%, and Nasdaq 100 E-minis declined by 928.75 points, or 4.24%.

US Stock Market News LIVE: What’s the buzz around DeepSeek?

US Stock Market News LIVE: The buzz around DeepSeek gained momentum over the weekend, with tech analysts noting that the company’s AI model delivers performance on par with the world’s top chatbots, but at a much lower cost. For stock traders, this raises concerns about the inflated valuations of AI-related stocks and Silicon Valley’s business model, which relies heavily on large-scale research and development investments.

US Stock Market News LIVE: Global markets suffer too

US Stock Market News LIVE: In Europe, ASML Holding NV dropped 10%, marking its largest decline since October, which contributed to a 0.6% decline in the Stoxx 600 index. 

Asian shares outside of China also suffered, with Japan’s Advantest, a supplier to Nvidia, dropping 8.5%, and chipmaker Tokyo Electron declining by 5%. In India, tech stocks faced significant losses, as the Nifty IT index fell 3.3% on Monday.

US Stock Market News LIVE: Bitcoin also declined to 11-day low amid tech selloff

US Stock Market News LIVE: On Monday, Bitcoin dropped below $100,000, reaching its lowest point in 11 days. Analysts linked the decline to a wave of caution triggered by the growing popularity of a Chinese artificial intelligence model, which led to a selloff in Western AI-related stocks.

US Stock Market News LIVE: Other US tech stocks fall too

US Stock Market News LIVE: Amid Deepseek fear, other tech stocks like Tesla, Amazon, and Meta also witnessed a significant decline by over 2% during early trading in Europe.

US Stock Market News LIVE: Nvidia stock tumbles 7%

US Stock Market News LIVE: Nvidia Corp. tumbled 7% in U.S. premarket trading, positioning itself for the largest market capitalization drop in its history if the decline persists. Meanwhile, trading activity in Nasdaq 100 futures surged, with volumes approximately four times the 30-day average, according to Bloomberg data.

US Stock Market News LIVE: Nasdaq futures slide 5%, S&P 500 falls over 3%

US Stock Market News LIVE: Nasdaq futures dropped more than 5%, driven by a selloff in U.S. technology stocks amid rising concerns about a more affordable artificial intelligence model from China that could challenge the dominance of U.S. tech companies. Meanwhile, S&P 500 futures declined by up to 3%.