Today’s stock market: real-time updates

Stock futures fell slightly on Monday as a decline in technology shares weighed on the S&P 500 and Nasdaq Composite, while the Dow Jones Industrial Average closed at an all-time high.

and Dow Jones Industrial Average Down 51 points, or 0.12%. S&P 500 Futures It fell by 0.17%, while Nasdaq 100 Futures Down 0.26%.

The Dow Jones Industrial Average moved in the opposite direction from the broader market on Monday, hitting a new intraday high before retreating. However, the Dow still held on to enough gains to set a new record close. Meanwhile, technology stocks fell on Monday while less popular sectors such as energy rose, suggesting that investors may be exiting one of the main drivers of the market over the past year.

Investors eager to see earnings from top AI beneficiaries Nvidia Wednesday. The semiconductor company’s shares closed down more than 2% on Monday before rising slightly in after-hours trading. Nvidia has become Key indicators of technology stocks and artificial intelligenceinvestors will be watching its second-quarter results to judge the health of the artificial intelligence industry.

Stocks are trying to find stable footing after a dismal start to the month. However, investors became more optimistic after Federal Reserve Chairman Jerome Powell hinted on Friday that the central bank’s next move would be to cut its benchmark interest rate. Powell did not specify when or by how much the rate cut would occur. According to market data, traders unanimously predict that the central bank will cut interest rates by at least 25 basis points at its policy meeting on September 17-18. CME Group’s FedWatch Tool.

“It takes time for rate cuts to work their way through the economy… The market is doing some of the heavy lifting for the Fed, but there are still a lot of questions,” Mohamed El-Erian, chief economic adviser at Allianz, told CNBC.Closing Bell: Overtime” on Monday.

Investors will also analyze the retailer’s latest quarterly earnings. Nordstrom We will get a sense of the health of the consumer after the close on Tuesday.