Nasdaq Slips Amid Nvidia Sell-Off; Inflation Data in Focus

The Nasdaq opened lower on Monday due to continued selling pressure on Nvidia and other chip stocks. Investors are closely monitoring a key inflation report this week, which is expected to influence the timing and scale of potential rate cuts this year.

The Nasdaq opened lower on Monday after Nvidia and some other chip stocks remained under selling pressure, with investors on tenterhooks as a key inflation print this week is set to further shape bets over the timing and quantum of rate cuts this year.

The Dow Jones Industrial Average rose 34.16 points, or 0.09%, at the open to 39,184.49. The S&P 500 opened lower by 5.04 points, or 0.09%, at 5,459.58, while the Nasdaq Composite dropped 49.10 points, or 0.28%, to 17,640.26 at the opening bell.