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As of 12:36 PM EST, the U.S. stock market experienced a turbulent session as major indices displayed contrasting movements.
The Wall Street opened on Monday with a red sign on Monday as the Chinese start-up DeepSeek has caused a frenzy with its statement challenging the abilities of the chips made by the company with those made in America. This has led to major declines in the tech-sector showcasing the dependency of Wall Street on Silicon Valley.
The S&P 500 dropped to 6,001.16 USD, marking a decline of 1.64%. Similarly, the tech-heavy NASDAQ 100 Index saw a decline, falling by 3.32% to settle at 21,051.93 USD. The NASDAQ Composite Index mirrored this downward trajectory, plunging 3.36% to reach 19,284.67 USD.
However, the Dow Jones Industrial Average Index bucked the trend, showing a positive uptick of 0.33%, climbing to 44,570.46 USD.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.