India, Jan. 27 -- U.S. stocks closed mostly lower on Monday, with those in the technology sector recording more pronounced losses, due to sustained selling pressure right through the day's trading session.
Among the major averages, the Dow closed up 289.33 points or 0.65 percent, at 44,713.58. The S&P 500 ended down 88.96 points or 1.46 percent, at 6,012.28, while the Nasdaq settled with a loss of 612.47 points or 3.07 percent, at 19,341.83.
Technology stocks tumbled on earnings concerns following China's low-cost startup DeepSeek's emergence as a powerful AI model. DeepSeek's AI Assistant has overtaken ChatGPT on Apple's App Store, sparking fears that U.S. AI leaders could lose their dominance.
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