US stocks ended the session mixed as the Dow Jones Industrial Average notched a record high both the other major averages slid while investors weighed the imminent arrival of interest rate cuts and braced for a busy week dominated by Nvidia's earnings report. Shares of the AI chip heavyweight fell along with other semiconductor names. The Dow Jones Industrial Average rose 0.1% to close at a new record high. The S&P 500 slipped 0.3%, while the tech-heavy Nasdaq Composite sank roughly 0.
But with only three Fed meetings left in the year — in September, November, and December — and the August jobs report still to come, Wall Street is wondering when and whether a 0.5% cut is likely. Now, the focus is firmly on Nvidia's earnings report — the marquee event of the week — which will likely determine whether the market mood stays upbeat.
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