U.S. stocks saw a broad sell-off into Monday’s close as investors digested President Donald Trump’s tariff policies and looked ahead to this week’s highly anticipated Nvidia (NVDA) earnings report.
The Dow Jones Industrial Average (^DJI) ended largely flat following its worst week since October. The S&P 500 (^GSPC) fell 0.5%, while the tech-heavy Nasdaq Composite (^IXIC) dropped 1.2%, reflecting investor caution.
Stocks attempted a rebound after Friday’s sharp declines, but sentiment soured, as concerns about Trump’s tariff policies took center stage. Data showing growing unease among U.S. consumers and businesses added to the downward pressure. In a Monday press conference, Trump reaffirmed that tariffs on Mexico and Canada would move forward once a month-long delay ends next week.
Investors are also closely watching Nvidia’s earnings report on Wednesday, which is expected to be the highlight of the earnings season. The AI chipmaker’s response to the looming tariff threat will be in focus, particularly as the industry grapples with rising costs from potential tariffs and increasing competition from China-based DeepSeek’s lower-cost technology.
Nvidia’s stock slid 3%, while Microsoft (MSFT) also declined following an analyst report suggesting it is scaling back its data center expansion plans. In contrast, Apple (AAPL) saw a modest gain after announcing a $500 billion investment in the U.S.
This week’s economic calendar includes the January Personal Consumption Expenditure (PCE) index report on Friday, which is the Federal Reserve’s preferred inflation gauge. Other key reports on U.S. GDP, the housing market, and consumer confidence are also expected in the coming days, which could further influence market sentiment.
