Wall Street today: US stocks mixed after last week’s rally, Nvidia climbs 2%

US stocks were mixed on Monday, after last week’s rally on hopes for interest rate cuts from the Federal Reserve in near-term.

As of 12:13 PM Eastern Time, the S&P 500 was mostly unchanged, the Dow Jones Industrial Average fell 0.5%, and the Nasdaq Composite rose 0.3%.

As of 10:25 AM Eastern Time, the S&P 500 fell 0.2%, the Dow Jones Industrial Average fell 0.4%, and the Nasdaq Composite was mostly unchanged.

As of 9:57 AM Eastern Time, the S&P 500 fell 0.2%, the Dow Jones Industrial Average fell 0.3%, and the Nasdaq Composite lost 0.1%.

In the bond market, the yield on the 10-year Treasury rose to 4.29% from 4.25% late on Friday. The 2-year Treasury yield rose to 3.73% from 3.70%.

This week, Wall Street will see corporate earnings from few companies, including the semiconductor giant Nvidia, Dell Inc., Best Buy, and Dollar General.

Interms of economic data, the market participants will closely monitor the Federal Reserve's preferred inflation gauge – the core Personal Consumption Expenditures (PCE) price index and the first revision for second quarter Gross Domestic Product (GDP).

Nvidia Corp. shares climbed more than 2% as the company is set to declare its second quarter results on Wednesday.

Intel rose 1.1% after Trump said the US government was taking a stake in the chipmaker.

Furniture retailers RH and Wayfair fell about 5% each after Trump said on Friday his administration would investigate furniture import tariffs.

Keurig Dr Pepper shares tumbled 7.5% after the company said it will buy Peet’s Coffee owner JDE Peet’s for $18 billion.

Gold prices fell on Monday on firmer US dollar and as investors booked profits.

As of 0957 AM ET (13:57 GMT), spot gold inched down 0.1% at $3,370.14 per ounce. US gold futures for December delivery also fell 0.1% to $3,414.90.

Among other metals, spot silver was down 0.2% at $38.74 per ounce, platinum edged 1.1% lower to $1,346.90 and palladium dropped 2.1% to $1,102.79.

Oil prices rose on Monday on concerns that Russian supply could be disrupted by more US sanctions and Ukrainian attacks targeting energy infrastructure in Russia.

By 1315 GMT, Brent crude futures were up 40 cents, or 0.6%, to $68.13 and West Texas Intermediate (WTI) crude futures gained 46 cents, or 0.7%, to $64.12.

On Friday, US President Donald Trump again warned that he would impose sanctions on Russia if there was no progress toward a peaceful settlement in Ukraine in two weeks.

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