US stocks sold off into the close on Monday as investors weighed the prospects of President Donald Trump’s tariff policies and also shifted focus to this week’s Nvidia (NVDA) earnings.
The Dow Jones Industrial Average (^DJI) was little changed on the heels of its worst week since October. The S&P 500 (^GSPC) fell 0.5%, while the tech-heavy Nasdaq Composite (^IXIC) fell 1.2%.
Stocks’ comeback attempt fizzled after Friday’s steep declines capped a losing week, which was marked by data showing American consumers and businesses are becoming concerned about Trump’s tariff plans.
During a press conference on Monday, President Donald Trump suggested tariffs on Mexico and Canada would “go forward on time, on schedule,” once a month-long delay is over next week.
Other 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 of inflation. Reports on US GDP, the housing market, and consumer confidence are also due in the coming days.
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3 mins ago
Stocks end lower as Trump puts tariffs against Mexico and Canada back on table, tech slide
US stocks fell on Monday as the threat of tariffs against Mexico and Canada were put back on the table, and investors awaited this week’s Nvidia (NVDA) earnings.
The Dow Jones Industrial Average (^DJI) was little changed while the the S&P 500 (^GSPC) fell 0.5%.
The tech-heavy Nasdaq Composite (^IXIC) fell 1.2% as Microsoft (MSFT), Nvidia (NVDA), Amazon (AMZN) all declined.
The selling intensified in the last hour of trading after President Trump said tariffs against Mexico and Canada would move forward once the one-month delay expires next week.
“The tariffs are going forward on time, on schedule,” Trump told reporters.
Meanwhile all eyes will be on AI chip heavyweight Nvidia when it reports quarterly results on Wednesday after the bell.
On Monday Apple (AAPL) shares gained slightly after the iPhone maker announced a $500 billion investment plan in the US over the next four years, including a manufacturing facility in Houston and the hiring of 20,000 new workers.
54 mins ago
Stocks remain on solid footing as Wall Street shrugs off last week’s sell-off as only a ‘flesh wound’
Dow gains 200 points as shares of Apple, Nike rally
The Dow Jones Industrial Average (^DJI) rebounded 0.5% on Monday as shares of Apple (AAPL) and Nike (NKE) rallied.
Nike gained 5% after Jefferies analysts put the stock on its Top Pick list, citing bullish expectations for the sports apparel giant’s new CEO, Elliott Hill.
DJI – Delayed Quote•USD
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^DJIAAPL NKE
Meanwhile, shares of Apple rose more than 1% after the iPhone maker announced a $500 billion investment plan for its US operations, which includes a manufacturing facility in Texas and the hiring of 20,000 new workers.
“We believe Apple’s spending plan is a direct strategy to earn an exemption from tariffs on imports from China,” William Kerwin, senior equity analyst for Morningstar, wrote in a note on Monday.
Today at 6:45 PM UTC
Microsoft reportedly cancels some data center leases amid $80 billion AI push
Microsoft (MSFT) shares declined on Monday after the software giant reportedly canceled an unspecified number of data center leases amid the AI spending boom, according to a note from TD Cowen analysts.
Pullbacks are a buying opportunity with the S&P 500 poised to go higher this year, UBS says
The S&P 500 (^GSPC) wavered between positive and negative territory on Monday following Friday’s sharp sell-off. Still, the broad-based index remains up more than 2% year to date, and pullbacks should be seen as a buying opportunity, UBS strategists said.
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At close: 4:06:33 PM EST
“We see the S&P 500 rising to 6,600 by the end of the year, although the journey up is likely to be accompanied by heightened volatility,” Solita Marcelli, UBS Global Wealth Management chief investment officer of the Americas, wrote on Monday.
“Portfolio diversification and hedging approaches are key, and we think capital preservation strategies can help manage drawdown risks in equities,” she added.
During midday trading on Monday, the S&P 500 pared losses while the Nasdaq Composite (^IXIC) dropped 0.4%. The Dow Jones Industrial Average (^DJI) climbed 0.3% as defensive stocks gained.
Today at 4:39 PM UTC
Robinhood says a SEC crypto investigation is over
Yahoo Finance’s David Hollerith and Jennifer Schonberger report:
Stocks erased early session gains by 10:10 a.m. ET as tech stocks slipped.
The Dow Jones Industrial Average (^DJI) hugged the flat line, while the S&P 500 (^GSPC) fell 0.3%. The tech-heavy Nasdaq Composite (^IXIC) also pared gains to fall 0.9%.
Shares of EV giant Tesla (TSLA) dropped 3%, and AI chip giant Nvidia (NVDA) erased gains of 2% to trade more than 1% lower
Today at 2:32 PM UTC
Stocks rebound as investors await Nvidia results this week
US stocks rebounded on Monday following a sharp sell-off 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 the coming days. The AI chip giant’s shares rose 2% in early trading.
Today at 1:29 PM UTC
Palantir stock falls premarket as Pentagon budget cuts loom
Palantir stock (PLTR) was down more than 4% in premarket trading Monday, as shares of the data analytics company were poised to extend last week’s losses.
Domino’s stock falls premarket after earnings miss Wall Street’s estimates
Domino’s Pizza stock (DPZ) slid more than 4% premarket after the pizza chain reported fourth quarter revenue and earnings that missed the Street’s mark.
Apple bets $500B on US investment push as Trump tariffs loom
Apple (AAPL) said on Monday it will spend and invest more than $500 billion in the US over the next four years. It will build a new factory, boost the budget for advanced manufacturing, and create 20,000 jobs focused on AI and engineering.
The move comes as CEO Tim Cook works to reestablish a relationship with President Trump, amid a risk that Apple could take a hit from a trade standoff between the US and China.
Apple stock slipped around 1% in premarket trading after the news.
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).
Today at 5:57 AM UTC
Alibaba makes shift to AI, announcing plans to invest $53 billion
Alibaba Group Holding Ltd. (BABA) is poised to make moves on the market open after announcing that the e-commerce giant will pivot into AI infrastructure.
Gold keeps near record as inflation drives haven demand
Gold (GC=F) buyers are eyeing a ninth consecutive week of gains. The commodity holds strong around record prices as investors seek stable assets in a volatile market.
