Overview
- The S&P 500 fell 0.8%, the Dow dropped 1.1%, and the Nasdaq lost 1.2% as traders positioned for Nvidia’s after-hours report.
- Nvidia shares declined about 2.8% ahead of the results that many view as a bellwether for AI-related demand.
- Asian markets traded cautiously, with regional indexes broadly softer and Japan’s Nikkei posting a modest rebound after a sharp prior drop.
- A crowded slate of delayed U.S. economic releases this week is adding uncertainty to the market outlook.
- Stock-specific moves shaped sentiment, including Alphabet’s roughly 4% rise on Berkshire Hathaway’s disclosed stake, Home Depot’s outlook cut, a Cloudflare outage that pressured its shares, and Plug Power’s $375 million convertible note offering.