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The S&P 500 fell Monday as the market failed to bounce back from Friday’s steep selloff.
The Dow Jones Industrials fought their way ahead 33.19 points to conclude Monday at 43,461.21.
The much-broader index let go of gains and lost 29.88 points to 5,983.25
The NASDAQ Composite collapsed 237.08 points, or 1.2%, to 19,286.92.
Shares of major tech companies came under pressure, leading the NASDAQ lower on the day and briefly into negative territory for 2025.
Palantir tumbled 10%, pulling the NASDAQ lower. Microsoft shed about 1% after an analyst report from TD Cowen said the company is cutting spending on data centers, raising fears of weakness in the artificial intelligence trade.
Chipmaking giant Nvidia pulled back 1.5%.
The week ahead includes key readings on corporate earnings and the economy. Earnings reports from Home Depot on Tuesday and Lowe’s on Wednesday will give investors a better sense of how U.S. consumers are faring. Nvidia’s earnings report on Wednesday evening could be even more impactful, as the artificial intelligence-linked chipmaker is still one of the biggest stocks by market cap.
Prices for the 10-year Treasury gained slightly, lowering yields to 4.40% from Friday’s 4.43%. Treasury prices and yields move in opposite directions.
Oil prices added 50 cents to $70.90 U.S. a barrel.
Prices for gold revived $12.70 an ounce to $2,965.90 U.S.
