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US STOCKS: Early Equities Roundup: Paring Early Gains, Tech Stocks Pressed Again

US STOCKS
USEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • Stocks are trading mixed by midmorning, DJIA near steady while tech stocks weigh on SPX Emini and Nasdaq Indexes. Currently, the DJIA trades down 0.05 points (0%) at 44850.23, S&P E-Minis down 23.25 points (-0.38%) at 6074, Nasdaq down 150.2 points (-0.8%) at 19583.94.
  • Information Technology sector shares were back under pressure, led by semiconductor makers after rebounding yesterday from the week opener's rout as China's AI startup DeepSeek continued to make headlines - not all positive:
  • Reuters report "Chinese AI startup DeepSeek's chatbot achieved only 17% accuracy in delivering news and information in a NewsGuard audit that ranked it tenth out of eleven in a comparison with its Western competitors including OpenAI's ChatGPT and Google Gemini."
  • Leading IT sector laggers included Nvidia -4.75%, Palo Alto Networks -3.41%, Crowdstrike -3.25%. Real Estate sector followed with office and hotel REITs underperforming: BXP Inc -3.07%, Host Hotels & Resorts -2.11%.
  • On the positive side, Consumer Staples and Financial sectors outperformed in the first half, Walgreens Boots +4.13%, Kroger +1.82%, Chubb +3.11% and Synchrony Financial +2.15%.
  • Reminder, more earnings expected after the close: IBM, Waste Management, Tesla, ServiceNow, Lam Research Corp, Meta Platforms, Microsoft, Ameriprise Financial, Wolfspeed, Western Digital, United Rentals, Teradyne, Las Vegas Sands Corp, Raymond James Financial and Whirlpool Corp.
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  • Stocks are trading mixed by midmorning, DJIA near steady while tech stocks weigh on SPX Emini and Nasdaq Indexes. Currently, the DJIA trades down 0.05 points (0%) at 44850.23, S&P E-Minis down 23.25 points (-0.38%) at 6074, Nasdaq down 150.2 points (-0.8%) at 19583.94.
  • Information Technology sector shares were back under pressure, led by semiconductor makers after rebounding yesterday from the week opener's rout as China's AI startup DeepSeek continued to make headlines - not all positive:
  • Reuters report "Chinese AI startup DeepSeek's chatbot achieved only 17% accuracy in delivering news and information in a NewsGuard audit that ranked it tenth out of eleven in a comparison with its Western competitors including OpenAI's ChatGPT and Google Gemini."
  • Leading IT sector laggers included Nvidia -4.75%, Palo Alto Networks -3.41%, Crowdstrike -3.25%. Real Estate sector followed with office and hotel REITs underperforming: BXP Inc -3.07%, Host Hotels & Resorts -2.11%.
  • On the positive side, Consumer Staples and Financial sectors outperformed in the first half, Walgreens Boots +4.13%, Kroger +1.82%, Chubb +3.11% and Synchrony Financial +2.15%.
  • Reminder, more earnings expected after the close: IBM, Waste Management, Tesla, ServiceNow, Lam Research Corp, Meta Platforms, Microsoft, Ameriprise Financial, Wolfspeed, Western Digital, United Rentals, Teradyne, Las Vegas Sands Corp, Raymond James Financial and Whirlpool Corp.