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Wall St opens sharply lower as China's AI push rattles Big Tech
28 Jan, 2025 / 09:14 AM / OMNES Media LLC

Source: http://www.reuters.com

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(Reuters) - Wall Street's main indexes opened lower on Monday, as the surging popularity of a low-cost Chinese artificial intelligence model sparked a selloff in chipmaker Nvidia and other companies that stand to benefit from investments into the technology.

The Dow Jones Industrial Average fell 275.4 points, or 0.62%, at the open to 44,148.84. The S&P 500 fell 132.2 points, or 2.17%, at the open to 5,969.04, while the Nasdaq Composite dropped 720.3 points, or 3.61%, to 19,234.042 at the opening bell. 

 

 

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