US stocks displayed a mixed trend yesterday. The tech-heavy Nasdaq Composite plunged over three percent, and the S&P 500 declined over 1.4 percent after a low-cost Chinese artificial intelligence model triggered a steep sell-off in US semiconductor companies, casting doubt on the dominance of US companies in this sector. Meanwhile, the Dow Jones Industrial Average added over half a percent. Investors are now focusing on the Federal Reserve’s first meeting in 2025, beginning today. The Fed is expected to keep interest rates unchanged despite US President Donald Trump’s calls for immediate rate cuts. Investors await the central bank’s forecasts for inflation to look for signals on when the next rate cut might occur.