Stock markets divided in U.S. ahead of Nvidia results

NEW YORK, New York - With Nvidia due to report on Wednesday, technology stocks hit their straps Monday. The broader market, particualarly the Dow Jones lagged.

"While Nvidia is the last of the Magnificent Seven to report, you've seen a nice broadening in earnings and attention," Carol Schleif, chief investment officer at BMO Family Office told Reuters Monday. "It'll be noteworthy, but it doesn't feel like there's the same level of impetus around it as there was a quarter or two ago."

The technology-heavy Nasdaq posted a solid advance, while the Dow Jones Industrial Average dipped slightly.

S&P 500 Edges Higher

The Standard and Poor's 500 finished the day up by 23.00 points, or 0.39 percent, closing at 5,893.62. Gains in tech and healthcare sectors contributed to the index's positive showing, even as concerns about future Federal Reserve moves lingered.

Dow Jones Dips Amid Investor Uncertainty

The Dow Jones Industrial Average declined by 55.39 points, or 0.13 percent, to 43,389.60. The blue-chip index was weighed down by declines in industrial and consumer staple stocks, reflecting a more cautious sentiment among investors. Trading volume for the Dow stood at 499.126 million shares.

Nasdaq Climbs on Tech Strength

The NASDAQ Composite had the strongest performance of the day, surging 111.69 points, or 0.60 percent, to settle at 18,791.81. Tech giants led the rally as investors showed renewed confidence in the sector, with trading volume reaching 7.267 billion shares.

Forex Market Sees Mixed Movements Monday Amid Global Economic Data

The foreign exchange market displayed a series of mixed moves on Monday as traders digested economic data and central bank signals from around the world. Here's a detailed summary of the major currency pairings:

Euro and British Pound Strengthen Against the Dollar

The EUR/USD pair climbed by 0.49 percent, with the euro trading at 1.0589 against the U.S. dollar.

The GBP/USD also advanced, gaining 0.45 percent to trade at 1.2673.

US Dollar Experiences Mixed Performance

Against the Japanese yen, the USD/JPY pair saw an increase of 0.23 percent, bringing the rate to 154.63. The dollar's modest gain against the yen reflects ongoing concerns about the yen's weakness and expectations surrounding monetary policy from the Bank of Japan.

Conversely, the USD/CAD fell by 0.48 percent, with the U.S. dollar weakening to 1.4015 against the Canadian dollar.

The USD/CHF pair also saw the dollar weakening, dropping 0.49 percent to 0.8833 against the Swiss franc.

Australian and New Zealand Dollars Gain

The AUD/USD pair surged by 0.70 percent, with the Australian dollar trading at 0.6504 against the U.S. dollar.

Similarly, the NZD/USD gained 0.51 percent, pushing the New Zealand dollar to 0.5890 against the greenback.

Global Markets Mixed Monday as Investors Navigate Economic Uncertainty

Major global stock indices closed with mixed results on Monday as investors weighed economic data and global geopolitical developments, particularly the potential fallout of the Trump presidency. Gains in Europe were offset by losses in Asian markets, reflecting a complex sentiment among traders. Here's a detailed look at how markets fared:

CANADA

In Canada, the S&P/TSX Composite Index rose by 86.26 points, or 0.35 percent, to close at 24,976.94. The index was supported by gains in energy and materials, sectors that continue to benefit from strong commodity prices. Trading volume for the S&P/TSX was recorded at 285.749 million shares.

UNITED KINGDOM

The FTSE 100 index in London ended the day higher, adding 45.71 points, or 0.57 percent, to close at 8,109.32.

EUROPE

However, in Germany, the DAX shed 21.62 points, a decline of 0.11 percent, finishing at 19,189.19.

France's CAC 40 saw a modest gain of 8.60 points, or 0.12 percent, to settle at 7,278.23.

The broader EURO STOXX 50 index fell by 4.52 points, representing a loss of 0.09 percent, closing at 4,790.33.

Meanwhile, the Euronext 100 Index dipped 1.82 points, or 0.13 percent Monday, to 1,438.17, and Belgium's BEL 20 dropped 6.64 points, or 0.16 percent, to 4,153.50.

ASIA

In Asia, markets displayed a mixed performance.

In China, the SSE Composite Index dropped by 6.88 points, or 0.21 percent, closing at 3,323.85.

Japan's Nikkei 225 fell sharply, losing 422.06 points, or 1.09 percent, to end at 38,220.85.

In Hong Kong the Hang Seng Index rose sharply by 150.27 points, or 0.77 percent, to close at 19,576.61.

However, Singapore's STI Index fell 12.15 points, down 0.32 percent, to 3,732.55.

The S&P BSE SENSEX in India declined on Monday by 241.30 points, or 0.31 percent, to 77,339.01, while the FTSE Bursa Malaysia KLCI posted an impressive gain of 11.60 points, or 0.73 percent, finishing at 1,604.04.

South Korea's KOSPI surged 2.16 percent, climbing 52.21 points to 2,469.07.

However, in Taiwan the TSEC Weighted Index fell significantly by 196.23 points, or 0.86 percent, to 22,546.54.

OCEANIA

Australia's S&P/ASX 200 and ALL ORDINARIES both rose by 0.18 percent, closing at 8,300.20 and 8,554.40, respectively.

In New Zealand the S&P/NZX 50 rose by 79.77 points Monday, up 0.63 percent, to end at 12,764.65,

MIDDLE EAST

In the Middle East, Israel's TA-125 slipped by 6.95 points, or 0.30 percent, to 2,279.53.

In Egypt the EGX 30 saw a sharper decline of 387.80 points, down 1.24 percent, closing at 30,864.30.

AFRICA

South Africa's Top 40 USD Net TRI Index climbed 1.75 percent Monday, gaining 78.35 points to 4,546.04.

The US Dollar Index weakened, shedding 0.47 points, a decline of 0.44 percent, to settle at 106.22. The MSCI Europe Index rose 11.04 points, or 0.55 percent, to 2,030.44. The British Pound Currency Index added 0.54 points, up 0.43 percent, at 126.74, while the Euro Currency Index gained 0.47 points, or 0.45 percent, to 105.91.

The Japanese Yen Currency Index slipped by 0.16 points, down 0.25 percent, at 64.66. Meanwhile, the Australian Dollar Currency Index advanced 0.41 points, or 0.63 percent, finishing at 65.03.