NEW YORK: Wall Street stocks were mixed early Monday as markets digest records in the prior week while looking ahead to results from artificial intelligence leader Nvidia.
All three major US equity indices notched all-time highs last week following benign inflation that revived hopes of Federal Reserve interest rate cuts later this year.
This week’s calendar includes Fed minutes from the May 1 announcement, as well as earnings from Nvidia.
Wall Street Week Ahead: Stock market’s record-setting rebound may have further to go
About 15 minutes into trading, the Dow Jones Industrial Average was down 0.2 percent at 39,938.82.
The broad-based S&P 500 gained 0.2 percent to 5,311.49, while the tech-rich Nasdaq Composite Index advanced 0.4 percent to 16,751.15.
Results from some leading retailers, including Target and Lowe’s, are also on this week’s plate. Strong results from Walmart last week added to market momentum.
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