Markets Mixed As Tariff Fears Ease, Chip Stocks Soar

Stocks were mixed on Monday, with the Dow slipping into the red in the last hours of trading. The Nasdaq scored a triple-digit pop amid Nvidia's (NVDA) record-breaking rally and chip sector strength, while the S&P 500 settled higher as well. Reported changes to President-elect Trump's tariff plan injected optimism into the market, with tech and auto stocks enjoying a boost. Traders are now looking ahead to another shortened week of trading, with the NYSE and Nasdaq scheduled to close on Thursday to honor the late U.S. President Jimmy Carter.

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Oil, Gold Suffer Monday Losses

Despite Middle Eastern demand and continued talks of stimulus updates out of China, oil prices moved lower this afternoon. February-dated West Texas Intermediate (WTI) crude fell 40 cents, or 0.5%, to settle $73.56 per barrel.

Gold suffered another drop, as U.S. Treasury yields rose on the back of a weakening dollar. Gold for January delivery shed 0.4%, to settle around $2,645.50 an ounce.


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