Wall Street Mixed as Nvidia, GameStop Surge Amid Economic Slowdown

1 min read
Source: The Associated Press
Wall Street Mixed as Nvidia, GameStop Surge Amid Economic Slowdown
Photo: The Associated Press
TL;DR Summary

U.S. stocks ended mixed on Monday as economic data indicated a slowing economy, with the S&P 500 slightly up, the Dow Jones down, and the Nasdaq rising. Manufacturing continued to shrink, impacting sectors like oil and gas, while technology stocks like Nvidia surged. Meme stock GameStop soared 21% following a significant stake announcement on Reddit. Treasury yields fell, reflecting hopes that the Federal Reserve might ease interest rates if the economy slows without triggering a recession.

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