U.S. stocks experienced a pullback from their all-time highs, closing lower on Friday, January 25, 2025, marking the end of a second consecutive winning week. The S&P 500 index declined as some major technology stocks, which had previously driven the market upward, faced downward pressure. Notably, Nvidia fell more than 3% and Tesla dropped over 1%. Investors were cautious as they processed mixed economic data and earnings reports, while also preparing for an upcoming week filled with significant economic releases and a Federal Reserve meeting. The tech sector, particularly influenced by large-cap stocks like Nvidia, was the primary contributor to the market's decline. Following this trend, Nasdaq futures opened down 1%, with reports indicating a drop of over 200 points for Nasdaq 100 futures as the market reacted to recent developments, including the release of DeepSeek.