Source: Sharecast
The Dow and S&P 500 managed to finish in positive territory, albeit marginally, with 0.28% and 0.06% gains respectively, rising for the fifth straight day. But with markets now trading at or close to pre-Liberation Day levels, risk appetite has evaporated somewhat.
The Nasdaq, meanwhile, fell 0.10% with a number of quarterly results due out from Big Tech names later this week, like Amazon.com, Apple, Meta Platforms and Microsoft.
“Considering the kind of volatility markets have witnessed on recent Mondays, the somewhat demure start to the week has felt almost quaint,” said AJ Bell's head of financial analysis Danni Hewson.
"Tech companies have been just one sector to feel the pain following tariff toing and froing and in a week when a good portion of the cast of the Magnificent Seven release trading updates, investors will be paying close attention to outlooks rather than last quarter’s numbers which already feel woefully out of date.”
Numbers from the likes of soft-drinks behemoth Coca-Cola, credit card services firm Visa and drugmaker Eli Lilly are also due over the coming days.
Also keeping investors on their toes will be the release of key economic indicators, beginning on Wednesday with the ADP Employment Report, the core PCE price index, preliminary estimates of first-quarter GDP and personal income/spending data.
That will be followed on Thursday by jobless claims figures and manufacturing PMIs, and then Friday's non-farm payrolls report.
On the macro front for Monday, the Dallas Federal Reserve's manufacturing business index decreased to -35.80 in April, down from -16.30 in March.
Also of note, the S&P 500 was on track to deliver its worst performance over the first 100 days of a new presidency in more than half a century, with the index down almost 8% since Trump's inauguration on 20 January despite his promise of a "boom like no other" amid ongoing tariff uncertainty, mass layoffs of Federal employees, and an aggressive stance on undocumented workers.
Market movers
Biopharmaceutical outfit SpringWorks Therapeutics continued to push higher after it was revealed that German science and technology giant Merck is to buy the company for $3.9bn or $47 per share. While only a slight premium to SpringWork's closing price of $44.72 on Friday, the shares have surged by around 20% over the past five trading sessions.
Nvidia finished lower on reports that Huawei Technologies could soon release a new AI processor that could compete with Nvidia's products.
Meanwhile, broker upgrades were benefitting the likes of Peleton (Truist upgraded to 'buy'), Boeing (Bernstein upgraded to 'outperform'), Progressive (Bank of America upgraded to 'buy') and On Holdings (Citi upgraded to 'buy').
Dow Jones - Risers
Boeing Co. (BA) $182.30 2.44%
Intel Corp. (INTC) $20.51 2.29%
International Business Machines Corporation (CDI) (IBM) $236.16 1.61%
Verizon Communications Inc. (VZ) $42.39 1.15%
Chevron Corp. (CVX) $140.10 0.99%
Travelers Company Inc. (TRV) $261.61 0.95%
Amgen Inc. (AMGN) $283.09 0.80%
Visa Inc. (V) $337.51 0.70%
Merck & Co. Inc. (MRK) $83.19 0.54%
Procter & Gamble Co. (PG) $161.85 0.52%
Dow Jones - Fallers
Salesforce.Com Inc. (CRM) $265.64 -0.83%
Nike Inc. (NKE) $57.31 -0.54%
Walgreens Boots Alliance, Inc. (WBA) $10.97 -0.41%
Dow Chemical Co. (DOW) $29.95 -0.23%
Home Depot Inc. (HD) $356.92 -0.18%
Microsoft Corp. (MSFT) $391.16 -0.18%
Coca-Cola Co. (KO) $71.79 -0.17%
JP Morgan Chase & Co. (JPM) $243.22 -0.14%
Walt Disney Co. (DIS) $90.16 -0.13%
Dowdupont Inc. (DWDP) $0.00 0.00%
S&P 500 - Risers
Foot Locker Inc. (FL) $12.94 10.32%
CenturyLink Inc. (LUMN) $3.58 6.87%
Bath & Body Works, Inc. (BBWI) $31.22 5.54%
Macy's Inc. (M) $11.59 3.67%
AbbVie Inc (ABBV) $192.34 3.38%
Centene Corp. (CNC) $59.47 3.09%
Gilead Sciences Inc. (GILD) $106.34 3.07%
Weyerhaeuser Co. (WY) $25.57 3.06%
Alaska Air Group Inc. (ALK) $43.02 2.65%
Global Payments Inc. (GPN) $74.31 2.52%
S&P 500 - Fallers
Colgate-Palmolive Co. (CL) $90.96 -3.14%
PVH Corp. (PVH) $71.11 -2.51%
Nektar Therapeutics (NKTR) $0.76 -2.49%
Kraft Heinz Co. (KHC) $28.81 -2.31%
eBay Inc. (EBAY) $66.32 -2.23%
Nvidia Corp. (NVDA) $108.73 -2.05%
Elevance Health Inc. (ELV) $413.82 -1.86%
Tractor Supply Company (TSCO) $49.00 -1.84%
F5 Inc. (FFIV) $265.07 -1.84%
Copart Inc. (CPRT) $59.81 -1.79%
Nasdaq 100 - Risers
Gilead Sciences Inc. (GILD) $106.34 3.07%
Check Point Software Technologies Ltd. (CHKP) $212.41 2.84%
Vodafone Group Plc ADS (VOD) $9.57 2.35%
Intel Corp. (INTC) $20.51 2.29%
Trip.com Group Limited (TCOM) $58.62 1.91%
O'Reilly Automotive Inc. (ORLY) $1,370.16 1.72%
T-Mobile Us, Inc. (TMUS) $236.77 1.72%
Regeneron Pharmaceuticals Inc. (REGN) $610.86 1.36%
Liberty Global plc Series C (LBTYK) $11.44 1.33%
Liberty Global plc Series A (LBTYA) $11.02 1.29%
Nasdaq 100 - Fallers
Kraft Heinz Co. (KHC) $28.81 -2.31%
eBay Inc. (EBAY) $66.32 -2.23%
Nvidia Corp. (NVDA) $108.73 -2.05%
Micron Technology Inc. (MU) $78.56 -1.53%
Cadence Design Systems Inc. (CDNS) $285.74 -1.34%
Align Technology Inc. (ALGN) $181.09 -1.23%
Intuit Inc. (INTU) $618.23 -0.94%
Alphabet Inc. Class C (GOOG) $162.42 -0.87%
Alphabet Inc. Class A (GOOGL) $160.61 -0.83%
Idexx Laboratories Inc. (IDXX) $433.99 -0.79%