Stocks closed lower Monday as the market failed to sustain the momentum that sent the Dow Jones Industrial Average to a record high at the end of last week.

T he Dow Jones Industrial Average and other major stock indexes moved lower Monday as Wall Street awaited Nvidia NVDA earnings and key inflation data, both due later this week. Meanwhile, Palantir Technologies PLTR sold off on the stock market today,

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.