Wall Street Closes Mixed as Market Awaits Nvidia Report
The tech sector (-1.43%) and consumer discretionary (-0.87%) saw the biggest losses. Healthcare (+0.75%) and financials (+0.45%) saw gains.
Wall Street ended Monday’s session with mixed results as investors remained cautious ahead of Nvidia’s quarterly earnings report, which is expected to be a key driver for artificial intelligence (AI) investment trends.
The Dow Jones Industrial Average, which tracks 30 major companies, gained 0.08% to 43,461.21 points. The S&P 500, representing the most valuable companies, rose 0.50% to 5,983.25 points, while the tech-heavy Nasdaq Composite dropped 1.21% to 19,286.93 points.
Nvidia and Tech Stocks Under Pressure
Markets are eagerly awaiting Nvidia’s earnings report on Wednesday. The semiconductor giant, down 3.09% on Monday, is the world’s second most valuable company and a major force behind AI-related investments, making its results highly anticipated.
Apple shares rose 0.63% after announcing a $500 billion investment in AI in the U.S., helping it outperform other tech giants like Meta (-2.26%), Tesla (-2.15%), and Amazon (-1.79%).
Trump’s Trade Comments Add Uncertainty
Investors are also closely watching President Donald Trump’s latest comments. On Monday, he reaffirmed that the 25% tariffs on imports from Mexico and Canada, which had been temporarily suspended for a month until early March, “will move forward.”
Sector and Stock Highlights
The technology sector (-1.43%) and consumer discretionary (-0.87%) saw the biggest losses, while healthcare (+0.75%) and financials (+0.45%) posted gains.
In the Dow Jones, Nike (+5%) was a standout performer after receiving a buy recommendation from Jefferies.
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