US stocks popped on Monday, starting to rebound from a recent slide as investors weighed the risks to Nvidia (NVDA) from President Trump's trade overhaul ahead of its earnings later in the week.
The Dow Jones Industrial Average (^DJI) climbed 0.5% on the heels of its worst week since October. The S&P 500 (^GSPC) and the tech-heavy Nasdaq Composite (^IXIC) each added about 0.4%.
Stocks are turning upbeat after Friday's steep declines capped a losing week, which was marked by data showing American consumers and businesses are getting concerned about Trump's tariff plans.
How well Nvidia is navigating the looming threat of those tariffs will be closely watched when the AI chipmaker reports its results on Wednesday — the highlight of the week. Eyes are also on Big Tech's demand for AI — underlined by an analyst report that Microsoft (MSFT) is pulling back on data center construction — and risks to from China-based DeepSeek's lower-cost tech.
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Nvidia shares moved up 2% as tech giants Tesla (TSLA) and Google parent Alphabet (GOOG, GOOGL) chipped away at recent losses. Apple's (AAPL) stock tipped higher after it pledged to spend and invest $500 billion in the US, but Microsoft's (MSFT) slid after an analyst report that it is pulling back on data center construction.
Meanwhile, a win for mainstream German parties in Sunday's elections cheered investors grappling with uncertainty around Trump's quick-moving policy shifts. The benchmark DAX stock index jumped nearly 1% on Monday morning as business optimism for an economic turnaround grew.
Key events this week include the January report for the Personal Consumption Expenditure (PCE) index on Friday. The PCE index is the Federal Reserve's preferred measure for inflation. Reports on US GDP, the housing market, and consumer confidence are also due in the coming days.
LIVE 9 updatesStocks rebound from recent sell-off as investors await Nvidia earnings this week
US stocks rebounded on Monday following a sharp sell-off on Friday over concerns about the economy while investors look forward to Nvidia (NVDA) earnings on on Wednesday.
The Dow Jones Industrial Average (^DJI) climbed 0.5% while the S&P 500 (^GSPC) gained 0.4%. The tech-heavy Nasdaq Composite (^IXIC) added 0.4%
Tech equities rose as investors await earnings results from AI chip giant Nvidia on Wednesday. Nvidia shares rose 2% in early trading.
German stocks jump as investors embrace election result
German stocks surged on Monday after a win for conservatives in Sunday's election opened the door to a mainstream coalition government and increased spending.
The benchmark DAX (^GDAXI) index of stocks in Frankfurt jumped roughly 1% on the heels of a victory for Friedrich Merz and CDU-led conservative parties. Meanwhile, the MDAX (^MDAXI) gauge of stocks in medium-sized companies soared 2.6%.
Gains for the pan-European Stoxx 600 (^STOXX) were more limited, up about 0.3%. Prosus (PRX.AS) pulled back almost 7% amid its deal to buy Just Eat Takeaway.com (JTKWY, T5WA.F), dragging on the index, while the food delivery company's shares rose 5%.
In London, the FTSE 100 index (^FTSE) put on 0.3%, but the CAC (^FCHI) in Paris retreated 0.2%. A 10% loss for electric gear maker Schneider Electric (SU.PA, SBGSF) weighed on the French benchmark as investors weighed signs of a pullback in data center spending by Microsoft (MSFT).
