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U.S. stocks fell on Monday after media outlets, citing a TD Cowen (TD) report, said Microsoft (MSFT) has canceled some leases for US data center capacity, pointing to a potential oversupply position.
By the end of the day, the Dow Jones Industrial Average was up about 0.08%. The tech-heavy Nasdaq and S&P 500 lost 1.2% and 0.5%, respectively. On Monday, Nike, Palantir, and other stocks moved the market.
Investors are also turning their attention to Nvidia’s upcoming earnings — the first time the AI chipmaker is reporting results since a breakthrough by Chinese AI startup DeepSeek sparked a selloff in Nvidia and other tech stocks last month.
This week is packed with earnings reports, starting Monday with Hims & Hers Health (HIMS), followed by AMC Entertainment (AMC) on Tuesday. Wednesday brings Nvidia (NVDA), as well as Salesforce (CRM) and Paramount (PARA). Warner Bros. Discovery (WBD) reports later in the week.
Beyond earnings, Friday will feature the release of the Personal Consumption Expenditures (PCE) Price Index, a key inflation gauge that tracks changes in consumer spending on goods and services.