US Stock Market Today: Wall Street mixed ahead of key economic reports

Wall Street stocks were mixed in choppy trading on Monday ahead of the key economic reports later this week.

At 11:33 A.M. ET, the Dow Jones Industrial Average fell 31.60 points, or 0.07%, to 48,426.45. The S&P 500 was flat at 6,827.46, while the Nasdaq Composite lost 45.22 points, or 0.19%, to 23,149.95.

As of 10 AM Eastern Time, the S&P 500 was almost flat, the Dow Jones Industrial Average was up less than 0.1%, and the Nasdaq Composite was 0.2% lower.

Several updates on the United States economy’s health are slated to be released this week. The non-farm payrolls numbers for October and November will be released on Tuesday.

The jobs report for October was delayed by the 43- day long government shutdown earlier this quarter.

Investors will also closely monitor an update on the consumer inflation due on Thursday.

In the bond market, the yield on the 10-year Treasury fell to 4.15% from 4.19% late on Friday.

Key Stock Movers

Shares of Nvidia, the artificial intelligence chip giant, rose 1.1% after dropping 4.1% last week.

Oracle stock sank further 4.3% following its 12.7% slump last week.

Broadcom shares lost 2.7%.

Tesla stock jumped 4.5%.

iRobot shares tumbled 66.8% after the maker of Roomba vacuums said holders of its stock will likely face a total loss after it filed for Chapter 11 bankruptcy protection over the weekend.

ServiceNow shares fell 7.9% after a report said the cybersecurity firm is in advanced talks to acquire startup Armis.

Bullion Market

Gold prices surged on Monday, bolstered by a weaker US dollar and expectations of interest rate cuts by the Federal Reserve ahead of key jobs data.

At 10:21 a.m. ET (1521 GMT), spot gold edged up 0.4% to $4,321.25 an ounce, after rising more than 1% earlier in the session. US gold futures gained 0.6% to $4,352.90 an ounce.

Last week, the US central bank delivered its third and final quarter-percentage-point rate cut of the year. It also signaled a pause on further easing until more data emerges.

Among other metals, spot silver rose 2.6% to $63.64, after hitting a record-high of $64.65 on Friday. Spot platinum added 2.8% to $1,793.69 and palladium rose 5.2% to $1,564.25 per ounce.

Crude Oil

Oil prices declined on Monday as investors balanced supply disruptions linked to escalating US-Venezuelan tensions with oversupply concerns.

Brent crude futures were down 47 cents, or 0.77%, to $60.65 a barrel at 10:46 A.M. EST (1546 GMT), and US West Texas Intermediate crude was trading at $56.85 a barrel, down 59 cents, or 1.03%.

Both contracts fell more than 4% last week, weighed down by expectations of a global oil surplus in 2026.