DeepSeek AI triggers sell-off: What it means for Big Tech, Mag 7
The US stock market (^DJI, ^IXIC, ^GSPC) is seeing a steep sell-off Monday morning, driven by the release of the Chinese artificial intelligence chatbot DeepSeek. Yahoo Finance reporter Josh Schaefer joins Morning Brief hosts Seana Smith and Brad Smith to explain the concern this raises about the dominance of Big Tech stocks this earnings season, particularly for the Magnificent Seven names. This adds uncertainty as futures (ES=F, YM=F, NQ=F) remain volatile ahead of the session open, with forecasts for economic data and the Federal Reserve's upcoming interest rate decision this week also creating a stir for Wall Street. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Josh Lynch