Wall Street Awaits Key Inflation Data as Nvidia Report Looms

The S&P 500 ended lower on Monday as Nvidia dipped ahead of its quarterly report. The Nasdaq also fell, while the Dow had slight gains. Investors are looking for clues on interest-rate cuts by the Federal Reserve through key incoming inflation data.

On Monday, the S&P 500 closed lower as Nvidia shares dipped in anticipation of its upcoming quarterly report. Investors are closely monitoring inflation data for signals on potential interest-rate cuts by the Federal Reserve.

The tech-heavy Nasdaq also experienced a decline, while the Dow Jones Industrial Average saw marginal gains thanks to Caterpillar and American Express. Nvidia's mid-week report is expected to be a pivotal event for the U.S. stock market, with investor sentiment heavily reliant on its performance.

Meanwhile, shares of PDD Holdings dropped significantly after failing to meet market expectations for its second-quarter revenue. Additionally, Tesla saw a decrease in stock value following Canada's decision to impose a 100% tariff on Chinese electric vehicle imports.

(With inputs from agencies.)