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US STOCKS SNAPSHOT-Wall St opens sharply lower as China's AI push rattles Big Tech

ReutersJan 27, 2025 2:32 PM

- 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 .DJI fell 275.4 points, or 0.62%, at the open to 44,148.84. The S&P 500 .SPX fell 132.2 points, or 2.17%, at the open to 5,969.04​, while the Nasdaq Composite .IXIC dropped 720.3 points, or 3.61%, to 19,234.042 at the opening bell.

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