Stock market today: Live updates

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Stock market today: Live updates

Traders work on the floor of the New York Stock Exchange at the opening bell on Jan. 27, 2025 in New York City.

Angela Weiss | AFP | Getty Images

Nasdaq 100 futures rose Monday night. The action followed a sell-off fueled by worries over the emergence of ******** startup DeepSeek and its greater implications for the artificial intelligence trade.

S&P 500 futures added 0.1%, while Nasdaq 100 futures gained 0.3%. Futures tied to the Dow Jones Industrial Average slipped 32 points, or 0.07%.

Select tech shares attempted to claw back losses in after-hours trading after the day’s steep sell-off in companies tied to artificial intelligence. Nvidia added 3% in after-hours trading after suffering a nearly 17% decline on Monday, which resulted in a market cap loss of nearly $600 billion — the biggest one-day drop for a U.S. company in history. Broadcom, Arm Holdings and Oracle also traded higher.

Concerns over DeepSeek came to a head on Monday, with the tech-heavy Nasdaq Composite losing more than 3%, while the S&P 500 slid about 1.5%. The ******** startup last month unveiled a free open-source large language model that it says took less than $6 million to build. The development spurred worries around Big Tech’s investment into AI. DeepSeek surpassed rival OpenAI on Monday to become the most-downloaded free app in the U.S. on Apple’s App Store.

“Valuations remain extended, and while vulnerabilities were expected this year, developments like DeepSeek highlight the need for diversification beyond the Mag 7,” said Seema Shah, chief global strategist at Principal Asset Management. “The 2025 theme of US exceptionalism is now facing uncertainty, with ongoing concerns around tariffs and inflation adding to market challenges.”

Investors’ attention is turning toward corporate earnings due this week. Starbucks and Boeing are due to report Tuesday. A slate of Magnificent Seven companies will report in the coming days, with Meta Platforms,

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, Tesla and Apple due later this week.

The Federal Reserve will also hold its first policy meeting of the year on Wednesday to decide the level of interest rates. Fed funds futures are pricing in a 

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 that interest rates will remain unchanged, according to 

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. Inflation data out Friday will give investors further insight on the health of the U.S. economy.

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