Financial Market Preview - Monday 27-Jan

S&P futures are down (2%) and pointing to a sharply lower open, as Chinese AI startup DeepSeek sends shockwave to the global tech markets with its new AI model that can run on less-advanced chips, challenging the dominance of high-cost chipmakers like Nvidia. Nasdaq 100 futures tumbled over (3%), and the VIX futures are surging. European tech stocks are recording sharp declines with ASML plummeting over (9%). Asian markets were polarized with the Nikkei down (1%) due to steep losses in Japanese tech stocks, while the Hang Seng edged higher on optimism surrounding Chinese AI developments.Companies Mentioned: TikTok, Nvidia, United States Steel, Logility Supply Chain Solutions, Beacon Roofing Supply

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StreetAccount U.S. Daily Market Preview is FactSet's daily podcast aiming to bring listeners up to speed with financial markets information on the day to come as quickly as possible. With a target time of ~5 minutes and a publish time of ~5:00 ET, this is an ideal listen prior to market open.