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US STOCKS: Monday Equities Roundup: China AI Weighs Deeply on US Tech Shares

US STOCKS
USEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • China's DeepSeek AI startup rattled the tech sector and broader markets in general Monday, new competition for US AI developers weighed heavily on chip stocks in the first half, while Consumer Staples and Health Care sector helped major indexes bounce off lows by midday.
  • The DJIA is actually trading in the green after midday, up 144.92 points (0.33%) at 44565.8, while S&P E-Minis were down 105 points (-1.71%) at 6027.75, Nasdaq down 639.1 points (-3.2%) at 19313.67.
  • Semiconductor makers racked up double digit losses in the the first half: Broadcom -16.90%, Nvidia -15.52%, Micron -10.53%, while Monolithic Power, Applied Materials and Teradyne declined 7-8% by midday.
  • Independent energy provider Vistra weighed heavily on the Utility sector as shares of the stock fell over 27% after Bank of America analysts rated the company at neutral.
  • On the positive side, Health Care and Consumer Staples shares led gainers: HCA Healthcare +4.58%, Davita and Elevance Health both up +3.5%, while PepsiCo and Monster Beverage gained over 3%.
  • 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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  • China's DeepSeek AI startup rattled the tech sector and broader markets in general Monday, new competition for US AI developers weighed heavily on chip stocks in the first half, while Consumer Staples and Health Care sector helped major indexes bounce off lows by midday.
  • The DJIA is actually trading in the green after midday, up 144.92 points (0.33%) at 44565.8, while S&P E-Minis were down 105 points (-1.71%) at 6027.75, Nasdaq down 639.1 points (-3.2%) at 19313.67.
  • Semiconductor makers racked up double digit losses in the the first half: Broadcom -16.90%, Nvidia -15.52%, Micron -10.53%, while Monolithic Power, Applied Materials and Teradyne declined 7-8% by midday.
  • Independent energy provider Vistra weighed heavily on the Utility sector as shares of the stock fell over 27% after Bank of America analysts rated the company at neutral.
  • On the positive side, Health Care and Consumer Staples shares led gainers: HCA Healthcare +4.58%, Davita and Elevance Health both up +3.5%, while PepsiCo and Monster Beverage gained over 3%.
  • 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.