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Stock market today: Most of Wall Street rises, but Nvidia tumbles again as AI mania cools

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Another slide for Wall Street heavyweight Nvidia kept U.S. indexes mixed, even as the majority of stocks rallied.

Another slide for Wall Street heavyweight Nvidia kept U.S. indexes mixed Monday, even as the majority of stocks rallied. The Standard & Poor's 500 index slipped 0.3% to pull further from its record set last week. The drops for Nvidia and other winners of Wall Street’s artificial intelligence boom pulled the Nasdaq composite down 1.1%, while the Dow Jones Industrial Average rose 0.7%.

RXO said the deal would make it North America’s third-largest provider of brokered transportation. UPS, which bought Coyote in 2015 for $1.8 billion, rose 1.5%. Under Armour swung from an early loss to a gain of 2% after saying it agreed to pay $434 million to settle charges raised by shareholders related to its accounting and sales practices.

 

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