Stocks Slip on Tariff Concerns, Tech Stocks Lead the Decline

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US stocks declined on Monday as investors assessed the impact of President Donald Trump's tariff policies and looked ahead to Nvidia’s (NVDA) earnings report later this week.

The Dow Jones Industrial Average (^DJI) remained largely unchanged following its worst week since October. The S&P 500 (^GSPC) fell 0.5%, and the Nasdaq Composite (^IXIC) dropped 1.2%.

Stocks struggled to recover after steep declines on Friday, with the losses partly driven by growing concerns over Trump's tariffs. In a Monday press conference, Trump reaffirmed that tariffs on Mexico and Canada would proceed as scheduled once the one-month delay ends next week.

Investors are closely watching Nvidia’s earnings report on Wednesday, as the AI chipmaker’s performance may be impacted by the looming tariff threat. Other big tech stocks were also affected, with Nvidia slipping 3% and Microsoft (MSFT) falling after an analyst report suggested the company is scaling back its data center expansion. However, Apple (AAPL) saw a slight gain after announcing a $500 billion investment in the US.

This week also brings key economic reports, including January’s Personal Consumption Expenditure (PCE) index, which the Federal Reserve uses as its preferred inflation gauge. Additional reports on US GDP, the housing market, and consumer confidence are expected in the coming days.

Paraphrasing text from "Yahoo!Finance" all rights reserved by the original author