The Nasdaq and S&P 500 are losing 1.8% and 0.9%, respectively. The market's decline comes amid the launch by Chinese startup DeepSeek of a free artificial intelligence model that competes with OpenAI's ChatGPT. to compete with OpenAI's ChatGPT. Some investors are concerned about the possible impact of Chinese technology on the U.S.'s U.S. dominance in artificial intelligence. In addition, the U.S. dollar is strengthening after President Trump imposed sanctions against Colombia, which is is also putting pressure on the stock market. Technically, the decline in the S&P500 comes from the range we described last week: 6100 - 6150. range: 6100 - 6150. Significant support can be found in the area of at 5900.