Now, Wall Street is bracing for Nvidia earnings, which land Wednesday after the bell. Expectations for its results are sky-high, with the company's stock up almost 34% so far this year, even as restrictions on chip sales to China have possibly cost the company billions.

Wall Street opened lower on Monday, after the Dow notched a record close on Friday following Federal Reserve Chair Jerome Powell’s remarks at Jackson Hole. The S&P 500 (SP500) -0.3%, the Dow (DJI) -0.

The Dow Jones Industrial Average was trading lower Monday afternoon, hovering near session lows, after the index notched its first record close of 2025 on Friday. Meanwhile, the Nasdaq Composite rose.