The Fed's preferred inflation gauge, the personal consumption and expenditures index, rose 0.3% from November and 2.6% on an annual basis.

The sharp pullback in Nvidia shares Monday cost investors $592.7 billion in paper losses as investors fled the stock amid rapid advancements at [China's DeepSeek](

Nvidia is once again the most valuable U.S. company, outranking Apple for the first time since late November. A rise in the chip maker's stock meant it ended Tuesday with a market capitalization of $3.

Monday's tech rout has brought no shortage of big numbers on Wall Street, and here's another to keep in mind: $441.9 billion. That's the amount of market capitalization that Nvidia has shed, based on intraday activity.

Rebounding tech stocks drove U.S. indexes higher Tuesday, a day after they tumbled on doubts about whether the artificial-intelligence frenzy really needs all the dollars being poured into it. The Dow Jones Industrial Average added 136 points,

Chinese startup DeepSeek has debuted an AI app that challenges OpenAI's ChatGPT and other U.S. rivals, sending a shock through Wall Street.

On Wednesday, the Dow Jones Industrial Average (DJIA) remained steady, hovering around 44,700, shedding around 130 points but holding steady through the midweek market session. The major equity index is currently near its all-time highs above 45,000, but stock traders still have a bit of work to do to push bids back into those record peaks.

NASDAQ is under huge pressure due to strong sell-off in tech stocks. Interestingly, NVIDIA is not the worst performer in the NASDAQ index today. Marvell Technology and Broadcom were down by 18% in today’s trading session amid worries about the impact of DeepSeek.

The S&P 500 advanced 0.92% to 6,067.70, with technology shares seeing the biggest gains among sectors. The Technology Select Sector SPDR Fund (XLK) rose more than 2%, following a 4.9% loss on Monday. The Nasdaq Composite surged 2.03% to 19,733.59, following a 3.1% decline a day ago.

Wall Street’s superstars tumbled Monday as a competitor from China threatens to upend the artificial-intelligence frenzy they’ve been feasting on.

Rebounding tech stocks drove U.S. indexes higher a day after they tumbled on doubts about the artificial intelligence frenzy.