Dow Steady, S&P and Nasdaq Rebound as Earnings Loom; AI Sector Weighs on Tech
Monday's session saw the S&P 500 (^GSPC) up 0.6% and the Nasdaq Composite (^IXIC) up 1%, with the Dow Jones Industrial Average (^DJI)持平 and crossing above 50,000 for the first time. The week's volatility continued as investors prepare for a backlog of earnings and economic data. Monday.com (MNDY) fell as much as 22% after revenue and profit guidance missed expectations, signaling caution over AI disruption risks. Nvidia (NVDA) and AMD rose over 3%, Oracle (ORCL) surged ~10%, and Microsoft (MSFT) gained over 2%. Gold (GC=F) rebounded above $5,000/oz, while bitcoin (BTC-USD) retreated below $69,000 after a sharp decline last week. The January nonfarm payrolls report is scheduled for Wednesday; ADP data from last week and the delayed jobs report are watched closely. Friday morning brings consumer inflation data. Earnings highlights include ON Semiconductor (ON) after the close, with results from Coca-Cola (KO), McDonald's (MCD), and Cisco (CSCO) expected this week.