U.S. stocks are slipping after the Federal Reserve opted not to cut interest rates for the first time since it began trying easier rates.

DeepSeek, a Chinese AI startup, is disrupting the tech world with its high performance at lower prices, affecting Wall Street and Silicon Valley.

The Indianapolis-based company said it had net income of $1.81 per share. Earnings, adjusted for one-time gains and costs, came to $3.84 per share. The results beat Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of $3.80 per share.

The suit was brought after Facebook, among other social media platforms, suspended Trump's account following the Jan. 6 insurrection that attempted to overthrow the 2020 election.