The S&P 500 and Nasdaq Composite pulled back from record highs Monday, with tech shares struggling and investors looking ahead to key inflation data due out this week.
The tech-heavy Nasdaq and the broad market S&P 500 each lost 0.4%. The Dow Jones Industrial Average, on the other hand, hovered around the flatline.
Nvidia shares dropped around 3% on the heels of a Chinese regulator announcing that it's investigating the AI chip darling for potentially violating the country's antimonopoly law. The stock has been a bellwether for the artificial intelligence trade, up about 179% in 2024.
Source: CNBC
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