Nasdaq
Wall Street faced a steep sell-off Monday as investors reacted to the rapid rise of Chinese artificial intelligence company DeepSeek, which introduced a new, cost-efficient AI model that has disrupted the market. DeepSeek’s app quickly climbed to the top of Apple’s U.S. App Store, surpassing OpenAI’s ChatGPT in downloads. This development has sent shockwaves through […]
Global stock markets experienced a significant plunge on Monday, driven by fears of a U.S. economic slowdown. The Dow Jones opened over 1,000 points lower, the S&P 500 dropped by 4.25%, and the Nasdaq Composite fell by more than 6%, though they recovered slightly later in the day. Japanese stocks also faced severe losses, with […]
On May 16, 2024, the Dow Jones Industrial Average briefly surpassed 40,000 points for the first time, reflecting investor confidence in an economic soft landing. This milestone follows strong earnings reports, with 77% of companies beating estimates. The Dow, weighted by share prices, often lags behind the S&P 500, which is market value-weighted and more […]
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