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US STOCKS: Late Equities Roundup: New Competition for AI Stocks Weighs on Nasdaq

US STOCKS
USEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • New competition for US AI developers weighed heavily on chip stocks Monday as China's DeepSeek AI startup rattled the tech sector and broader markets in general, Consumer Staples and Health Care sector helped major indexes bounce off lows by midday.
  • The DJIA continued to gain in the second half, up 222.64 points (0.5%) at 44645.39, S&P E-Minis down 108.5 points (-1.77%) at 6023.5, the tech heavy Nasdaq fell 710.1 points (-3.6%) at 19242.01.
  • Semiconductor makers racked up double digit losses in the the first half: Broadcom -18.46%, Nvidia -17.28%, Micron -14.08%, Monolithic Power -10.71%, while KLA Corp, Applied Materials and Teradyne trade 7-8% in the second half.
  • Independent energy provider Vistra weighed heavily on the Utility sector as shares of the stock fell over 28% after Bank of America analysts rated the company at neutral.
  • On the positive side, Health Care and Consumer Staples shares led gainers: HCA Healthcare +6.01%, AbbVie +4.01%, while PepsiCo gained 4.11%, Coca-Cola +3.38%.
  • Earnings Update: Nucor and Western Alliance Bank announce after Monday's close. Tuesday: PACCAR, Sysco Corp, Synchrony Financial, Lockheed Martin Corp, Veradigm, Royal Caribbean, Polaris Inc., Boeing, NextEra Energy, JetBlue Airways, General Motors, Kimberly-Clark Corp, Invesco, Starbucks, Qorvo and Stryker Corp.
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  • New competition for US AI developers weighed heavily on chip stocks Monday as China's DeepSeek AI startup rattled the tech sector and broader markets in general, Consumer Staples and Health Care sector helped major indexes bounce off lows by midday.
  • The DJIA continued to gain in the second half, up 222.64 points (0.5%) at 44645.39, S&P E-Minis down 108.5 points (-1.77%) at 6023.5, the tech heavy Nasdaq fell 710.1 points (-3.6%) at 19242.01.
  • Semiconductor makers racked up double digit losses in the the first half: Broadcom -18.46%, Nvidia -17.28%, Micron -14.08%, Monolithic Power -10.71%, while KLA Corp, Applied Materials and Teradyne trade 7-8% in the second half.
  • Independent energy provider Vistra weighed heavily on the Utility sector as shares of the stock fell over 28% after Bank of America analysts rated the company at neutral.
  • On the positive side, Health Care and Consumer Staples shares led gainers: HCA Healthcare +6.01%, AbbVie +4.01%, while PepsiCo gained 4.11%, Coca-Cola +3.38%.
  • Earnings Update: Nucor and Western Alliance Bank announce after Monday's close. Tuesday: PACCAR, Sysco Corp, Synchrony Financial, Lockheed Martin Corp, Veradigm, Royal Caribbean, Polaris Inc., Boeing, NextEra Energy, JetBlue Airways, General Motors, Kimberly-Clark Corp, Invesco, Starbucks, Qorvo and Stryker Corp.