On Monday, January 27, U.S. markets closed mixed as the Nasdaq experienced its steepest decline since December. The drop was fueled by a sharp selloff in chipmakers following the launch of a low-cost AI model by Chinese startup DeepSeek, which challenged Nvidia and other industry leaders.

Nvidia’s plunge marked a historic single-day loss in market value, while semiconductor stocks saw significant declines.

Most sectors of the S&P 500 ended Monday with gains, led by healthcare, financials, and consumer staples, while information technology and utilities lagged and closed lower.

According to economic data, the Chicago Fed National Activity Index rose to 0.15 in December, its highest in seven months, while U.S. building permits increased by 0.7% to an annualized 1.482 million.

The Dow Jones Industrial Average was up 0.65% and closed at 44,713.58, while the S&P 500 closed lower by 1.46% at 6,012.28, and the Nasdaq Composite plunged 3.07% to finish at 19,341.83.

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Eurozone at 05:30 AM ET

• The European STOXX 50 was up 0.46%.
• Germany’s DAX rose 0.66%.
• France’s CAC gained 0.39%.
• U.K.’s FTSE index 100 traded higher by 0.59%.

Commodities at 05:30 AM ET

U.S. Futures at 05:30 AM ET

Dow futures were up 0.04%, S&P 500 futures surged 0.39% and Nasdaq 100 futures gained 0.69%.

Forex at 05:30 AM ET

• The U.S. dollar index gained 0.58% to 107.96, the USD/JPY rose 0.60% to 155.48, and the USD/AUD rose 0.72% to 1.6007.
• The dollar strengthened on Tuesday amid new U.S. tariff threats, reversing Monday’s risk-off moves triggered by the emergence of a low-cost Chinese AI model.

Photo by Pavel Bobrovskiy via Shutterstock