US stocks retreated from earlier gains on Monday as tech stocks faltered, with investors weighing the prospects for AI ahead of this week’s Nvidia (NVDA) earnings.
The Dow Jones Industrial Average (^DJI) rose slightly on the heels of its worst week since October. The S&P 500 (^GSPC) and the tech-heavy Nasdaq Composite (^IXIC) erased early gains to fall 0.4% and 1%, respectively.
Stocks were attempting to rebound after Friday’s steep declines capped a losing week, which was marked by data showing American consumers and businesses are getting concerned about Trump’s tariff plans.
How well Nvidia is navigating the looming threat of those tariffs will be closely watched when the AI chipmaker reports its results on Wednesday — the highlight of the week. Eyes are also on Big Tech’s demand for AI and risks to from China-based DeepSeek’s lower-cost tech.
As of 11:21:42 AM EST. Market Open.
^DJI ^IXIC ^GSPC
Nvidia shares reversed earlier gains, down almost 1%. Meanwhile Microsoft (MSFT) lost ground after an analyst report that it is pulling back on data center construction. But Apple’s (AAPL) stock tipped higher after it pledged to spend and invest $500 billion in the US.
Key events this week include the January report for the Personal Consumption Expenditure (PCE) index on Friday. The PCE index is the Federal Reserve’s preferred measure for inflation. Reports on US GDP, the housing market, and consumer confidence are also due in the coming days.
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Stocks rebound as investors await Nvidia results this week
US stocks rebounded on Monday following a sharp selloff on Friday over concerns about the economy, as investors looked ahead to Nvidia (NVDA) earnings on Wednesday.
The Dow Jones Industrial Average (^DJI) climbed 0.5%, while the S&P 500 (^GSPC) gained 0.4%. The tech-heavy Nasdaq Composite (^IXIC) added 0.4%
Tech equities revived somewhat as investors awaited the earnings report from Nvidia in coming days. The AI chip giant’s shares rose 2% in early trading.
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German stocks jump as investors embrace election result
German stocks surged on Monday after a win for conservatives in Sunday’s election opened the door to a mainstream coalition government and increased spending.
The benchmark DAX (^GDAXI) index of stocks in Frankfurt jumped roughly 1% on the heels of a victory for Friedrich Merz and CDU-led conservative parties. Meanwhile, the MDAX (^MDAXI) gauge of stocks in medium-sized companies soared 2.6%.
Gains for the pan-European Stoxx 600 (^STOXX) were more limited, up about 0.3%. Prosus (PRX.AS) pulled back almost 7% amid its deal to buy Just Eat Takeaway.com (JTKWY, T5WA.F), dragging on the index, while the food delivery company’s shares rose 5%.
In London, the FTSE 100 index (^FTSE) put on 0.3%, but the CAC (^FCHI) in Paris retreated 0.2%. A 10% loss for electric gear maker Schneider Electric (SU.PA, SBGSF) weighed on the French benchmark as investors weighed signs of a pullback in data center spending by Microsoft (MSFT).
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