LIVE MARKETS-Wall Street ends mixed ahead of Nvidia results, inflation data

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WALL STREET ENDS MIXED AHEAD OF NVIDIA RESULTS, INFLATION DATA

Shares on Wall Street closed mixed on Monday, dragged down by the Nasdaq indexes .IXIC, .NDX ahead of Nvidia's results on Wednesday.

The Nvidia earnings report is the company's first since the DeepSeek-driven selloff on January 27, when investors raised serious doubts about artificial intelligence spending. At the company's conference call, investors will be looking for comments about Nvidia's reaction to DeepSeek and its impact on future AI spending.

Nvidia NVDA.O fell 3.1% on Monday.

Together with worries about tariffs and inflation, investors are getting more concerned about U.S. growth prospects after last week's batch of weak economic data and a disappointing forecast from Walmart WMT.N

"Recent economic and survey data do raise some warning flags, but S&P 500 companies delivered strong growth along with continued record profitability last quarter," writes Scott Helfstein, head of investment strategy at Global X, in emailed comments.

"Fundamentals will ultimately win out, but waning sentiment could well lead broad equity indexes sideways for a little while."

Apple AAPL.O, meanwhile, reversed premarket declines to gain around 0.6%. The iPhone maker unveiled plans to spend $500 billion in U.S. investments in the next four years, including setting up a giant factory in Texas for AI servers.

Market participants will also look to Friday's release of the Personal Consumption Expenditures (PCE) index, the Federal Reserve's preferred inflation measure

Global X's Helfstein says the PCE is "expected to be above Fed target," but would still suggest a stable, if slightly hot inflation backdrop. "If there is a surprise jump, that increases the economic risks associated with the White House's tariff agenda, but that is not our base case," he adds.

Here is the closing financial market snapshot:

(Gertrude Chavez-Dreyfuss)

FOR MONDAY'S EARLIER LIVE MARKETS POSTS:

TARIFFS POSE A RISK, BUT WFII BELIEVES EARNINGS CAN PROPEL THE S&P 500 HIGHER - CLICK HERE

AMID UNCERTAINTY, BATTEN DOWN THE HATCHES, BUT STAY THE LONG-TERM COURSE - CLICK HERE

S&P 500, NASDAQ FALL AS US SLOWDOWN FEARS PERSIST - CLICK HERE

IMMIGRATION RESTRICTIONS COULD BE JUST AS CONSEQUENTIAL AS TARIFFS - MORGAN STANLEY - CLICK HERE

S&P 500 INDEX TESTS TREND LINE, TAKES ANOTHER TUMBLE - CLICK HERE

MORE EUROPEAN DEFENCE SPENDING, BUY THE SWEDISH CROWN - CLICK HERE

US EXCEPTIONALISM UNDER THREAT? - CLICK HERE

BANKS BEAT ON PRE-TAX PROFITS FOR 18TH STRAIGHT EARNINGS SEASON - CLICK HERE

MARKETS TAKE THE POSITIVES FROM GERMAN ELECTION - CLICK HERE

EUROPE BEFORE THE BELL: BUY THE RUMOUR, BUY THE FACT - CLICK HERE

MORNING BID: RELIEF AS GERMAN VOTE DODGES EXTREMES - CLICK HERE