U.S. stocks ended sharply lower on Monday, with the S&P 500 and the Nasdaq closing below a key technical indicator for the first time since late April as investors braced for quarterly results from retailers and chip giant Nvidia and awaited a long-delayed U.

Alphabet rallies to record highs as Tesla gains and Nvidia slips. US stocks trade mixed ahead of key Nvidia earnings and the September jobs report.

Investing.com--The S&P 500 fell sharply Monday, as sentiment on the AI trade continued to sour amid growing concerns about valuations, with Nvidia leading the broader decline to t

Nvidia fell nearly 1.9%, extending recent losses as investors locked in recent profits in the stock. The company is at the heart of a massive AI-fueled valuation surge over the past three years, although questions over this ascent have emerged in recent months.

S&P 500 futures are on the run as Advanced Micro Devices ( NASDAQ: AMD) leads the tech pivot higher. Last checked, the S&P 500 is up about 24 points. The SPDR S&P 500 ETF ( SPY) is up about $2.35. Dow futures are up 105, with the tech-heavy Nasdaq up about 152.

US stock market futures fell again today as traders reacted to new Fed signals delaying rate cuts. Dow futures slipped below the flatline. S&P 500 futures dipped 0.1%. Nasdaq 100 futures fell 0.2%. Nvidia and Tesla stayed under pressure.

Stock futures are moving higher as Big Tech rebounds and traders monitor a bill to end the government shutdown