.png)
German (DE) 
English (US) 
Spanish (ES) 
French (FR) 
Hindi (IN) 
Italian (IT) 
Russian (RU) Unlock stock picks and a broker-level newsfeed that powers Wall Street. Upgrade Now
Updated Mon, Feb 24, 2025, 8:11 AM 2 min read
In This Article:
US stocks pared gains in early trading following a recent slide as investors weighed the risks to Nvidia (NVDA) from President Trump's trade overhaul ahead of its earnings later in the week.
The Dow Jones Industrial Average (^DJI) hugged the flatline 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 0.8%, respectively.
Stocks struggled 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 — underlined by an analyst report that Microsoft (MSFT) is pulling back on data center construction — and risks to from China-based DeepSeek's lower-cost tech.
Nvidia shares moved just above the flatline as tech giants Tesla (TSLA) moved lower. Google parent Alphabet (GOOG, GOOGL) was little changed. Apple's (AAPL) stock tipped higher after it pledged to spend and invest $500 billion in the US, but Microsoft's (MSFT) slid after an analyst report that it is pulling back on data center construction.
Meanwhile, a win for mainstream German parties in Sunday's elections cheered investors grappling with uncertainty around Trump's quick-moving policy shifts. The benchmark DAX stock index jumped nearly 1% on Monday morning as business optimism for an economic turnaround grew.
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.
LIVE 10 updates
S&P 500, Nasdaq erase gains as tech slides
Stocks erased early session gains by 10:10 a.m. ET as tech stocks slipped.
The Dow Jones Industrial Average (^DJI) hugged the flatline 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) fell 3% and AI chip giant Nvidia (NVDA) erased gains of 2% to fall below the fl
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.
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.
Bloomberg reports:
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.
Yahoo Finance's Brooke DiPalma reports:
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.
Yahoo Finance's Josh Lipton reports:
Read more here.
Good morning. Here's what's happening today.
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).
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.
Australian 'Big Four' bank shares calm after after $40 billion sell-off
Australian bank stocks are leveling after cratering through the start of 2025.
Comments