The U.S. stock market began its first trading session of the week on Monday with broad declines across all major indices, as investors awaited the Federal Open Market Committee (FOMC) meeting and the announcement of the interest rate decision.
The performance of U.S. stock indices after the market opened was as follows:
- The S&P 500 index settled near 5,997.16 points, losing about 104.08 points, or a 1.71% drop.
- The Nasdaq Composite lost approximately 587.38 points, down 2.94%, to reach 19,366.92 points.
- The Dow Jones Industrial Average recorded 44,294.10 points, down by about 0.29% after the market opened.
It seems that the release of Chinese company DeepSec, an AI startup, contributed to the decline in the U.S. stock market today, as the new offering (R1) raised concerns about U.S. technological dominance.
