Reported 1 day ago
The stock market experienced significant declines, especially in the tech sector, following the announcement from Chinese AI startup DeepSeek about a new, low-cost large language model. Major companies like Nvidia, Broadcom, and Micron saw their shares drop sharply, while AT&T performed well by exceeding profit expectations. Additionally, Akero Therapeutics' stock soared after positive trial results for a liver disease treatment. Overall, the S&P 500 and Nasdaq saw marked reductions in their indices.
Source: YAHOO