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Tag: Deep Seek
Stocks started in the red last week following the DeepSeek AI news, but they managed to claw back most of their losses throughout the week. However, following the tariff announcement Friday afternoon, stocks sold off, and the S&P 500 finished the week down -1.00%. We saw solid earnings from big tech companies, Meta, Microsoft, and Apple. On the economic side, inflation seems to have stalled, growth remains solid on the back of strong consumer spending, and the Federal Reserve held ...
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Weekly Market Update – 1.27.2025
Last week, the S&P 500 gained 1.74% on optimism around corporate earnings, pro-business policies, and a barrage of executive orders issued during President-elect Donald Trump’s first week in office.
This week was ignited by headlines stemming from viral social media posts over the weekend that DeepSeek, a China-based company, created an artificial intelligence open-source model that competes with rivals like ChatGPT for a fraction of the computing costs. White papers ...
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