Market Opens with Tech Stocks in Freefall

Monday's trading session on Wall Street opened with a significant downturn, primarily driven by a sharp decline in the tech sector. This market sentiment was triggered by recent developments from Chinese startup DeepSeek, which has developed a competitive artificial intelligence model, raising concerns over increased competition within the industry.

Significant Drops Across Major Indices

The Nasdaq 100 experienced a steep decline of 3.53%, with Constellation Energy Corporation leading the fall at 16.96%. Similarly, the Dow Jones Industrial Average saw a decrease of 0.78%, with Nvidia Corporation being the hardest hit, dropping by 10.95%. The S&P 500 wasn't spared either, plummeting by 2.20%, with Vistra Corp. experiencing a significant 21.02% drop.

Euro Strengthens Against the Dollar

Amidst the market turmoil, the euro saw a slight increase of 0.19% against the dollar, trading at 1.05165. This movement indicates a slight shift in currency strength amidst the broader market downturn.