Wall Street's main indexes finished lower on Monday, fueled by a decline in AI leader Nvidia that weighed on tech stocks, as investors looked ahead to a crucial inflation report set for later this week.
Nvidia (NVDA.O), opens new tab fell after China's market regulator launched an investigation into the chipmaker over suspected violation of antimonopoly law, dragging down the information technology sector (.SPLRCT), opens new tab.
According to preliminary data, the S&P 500 (.SPX), opens new tab lost 35.69 points, or 0.60%, to end at 6,053.68 points, while the Nasdaq Composite (.IXIC), opens new tab lost 123.08 points, or 0.62%, to 19,736.69. The Dow Jones Industrial Average (.DJI), opens new tab fell 226.14 points, or 0.51%, to 44,416.38.
Investors are anticipating the consumer price index (CPI) data set for release on Wednesday, along with the producer price index (PPI) on Thursday, ahead of the Federal Reserve's meeting on Dec. 17-18.
Source: Reuters
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