The S&P 500 and the Nasdaq were slightly lower on Monday after notching record closing highs in the previous session, as losses in chip stocks including Nvidia weighed.
Read More S&P 500, Nasdaq marginally lower as chip stocks fall; focus on inflation data
Wall Street had another big day with the Dow and S&P 500 hitting another intraday record high, just a day after the Federal Reserve cut interest rates by half-a-percentage point and forecasted that more cuts could be coming.
Read More Wall Street: Dow Skyrockets To All-Time High After Fed Delivers Rate Cut
Wall Street rallied on Thursday with the S&P 500 hitting another intraday record high after the Federal Reserve kicked off its easing cycle with half-a-percentage point reduction.
Read More Wall St jumps with tech stocks in the lead after Fed kicks off easing cycle
Shares of Apple fell nearly 3% on Monday after several analysts said that delivery times for the new iPhone 16 Pro models indicated weaker-than-expected demand.
Read More Apple shares slip as shorter iPhone 16 shipping times signal soft demand
The NBA rejected an offer from TNT – ending four decades of partnership – and announced new agreements with ESPN, NBCUniversal and Amazon.
Read More Warner Bros Discovery to sue NBA over bid for broadcast rights, source says
Nvidia shares were soaring 10% afternoon after the company announced a 10-for-one stock split as part of a blockbuster quarterly report.
Read More Nvidia’s split of soaring stock could boost retail investor appeal, Dow chances