Newscasts - Wall St ends down with focus on Nvidia after last week's rally

Wayfair

25/08/2025 23:09

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Source: 'Reuters - Business videos'

Description: Wall Street's main indexes ended lower on Monday as investors looked ahead to AI chipmaker Nvidia's quarterly earnings this week, while digesting a rally on Friday that lifted the Dow Jones Industrial Average to a record high close. Lisa Bernhard has more.

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Video Transcript:

US stocks ended lower on Monday, with the Dow losing more than 0.75%, the S&P 500 shedding more than 0.40% and the NASDAQ ticking down by about 0.20%. The slide came after a Friday jump that saw the Dow notch a record high close after US Federal Reserve Chair Jerome Powell hinted that an interest-rate cut could come in September. Liz Miller, President of Summit Place Financial Advisors, said that euphoria has waned as investors face a week full of potentially market-moving news.

It started last weekend with excitement for Chairman Powell's comments at Jackson Hole, but now that's being digested and that rate cut in many ways was already in the market. And so, I think the market's really focusing on a bunch of new news, investments by the government in companies directly, and NVIDIA's earnings yet to come.

NVIDIA climbed 1% ahead of its quarterly report on Wednesday, which will be one of Wall Street's most closely watched events of the week and a crucial test of the scorching AI trade. Other stocks on the move included Keurig Dr Pepper, which tumbled 11.5% after saying it would buy JDE Peet's for $18.4 billion in cash. And furniture retailers RH and Wayfair each declined more than 5% after President Trump on Friday said his Administration would investigate import tariffs on furniture.