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U.S. stocks fell on Monday after media outlets, citing a TD Cowen (TD-0.27%) report, said Microsoft (MSFT+0.36%) 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-3.73%), followed by AMC Entertainment (AMC-1.98%) on Tuesday. Wednesday brings Nvidia (NVDA-1.18%), as well as Salesforce (CRM-0.84%) and Paramount (PARA-1.31%). Warner Bros. Discovery (WBD-0.14%) 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.