Wall Street Closes Mixed as Market Awaits Nvidia Report
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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