The accusations start to fly- check out the S+P 500 futures this morning

The rebound gains in many of the leading tech stocks that were ravaged by the DeepSeek news on Monday were not lost on the S+P 500. The broadest measure of the US stock markets came in second to the Nasdaq 100 on the close last night. The S+P put on 55.42 points by the end of play, closing at 6,067.70. Since before that close the accusations against DeepSeek have already started to fly. A US investigation into whether or not DeepSeek pinched data from Open AI in order to produce their product. Of course, given the propensity for Chinese firms to do exactly that ,this a given, but the US accusations are pretty consistent too. So, right now the markets appear to be backing the latter, but that does not detract from the fact; the huge amount of investment in US AI might have pushed valuations to the limit, if companies like DeepSeek can replicate it so cheaply. There is one heck of a lot more to run on all this folks. Meantime, the S+P 500 and Nasdaq futures got a lift from the ASML numbers released earlier this morning. The Fed is clearly in the mix later this evening though and so more to add as the day unfolds. The S+P 500 is right now priced to reopen around 6,074