NEW YORK (AP) 鈥� U.S. stock indexes shook off a midday slump and ended mostly higher at the start of a week packed with several potential flashpoints for markets. The S&P 500 edged up 0.1% Monday, its fifth gain in a row. The Dow Jones Industrial Average added 0.3%, and the Nasdaq composite slipped 0.1%. Drops for some Big Tech stocks held back the market鈥檚 gains ahead of earnings reports this week from Amazon, Apple, Meta Platforms and Microsoft. Reports this week will also show how the U.S. economy performed at the start of 2025 and how many workers employers hired during April.
THIS IS A BREAKING NEWS UPDATE. AP鈥檚 earlier story follows below.
NEW YORK (AP) 鈥� U.S. stocks are giving back some of their big recent gains Monday, ahead of potential flashpoints later this week that could bring more for financial markets.
The S&P 500 was down 0.8% in afternoon trading and on track to break a . The Dow Jones Industrial Average was down 145 points, or 0.4%, as of 1:45 p.m. Eastern time, and the Nasdaq composite was 1.1% lower.
It's a lull following historic swings that have been rocking markets for weeks, as hopes rise and fall that President Donald Trump may back down . Many investors believe Trump's tariffs could cause a recession if left unchecked.
Coming into Monday, the S&P 500 had roughly halved its drop that had taken it set earlier this year. But weakness for some influential tech stocks ahead of their earnings reports later this week weighed on the market.
Amazon fell 1.6%, Microsoft sank 0.8%, Meta Platforms lost 0.2% and Apple slipped 0.1%. All are on the schedule to report their latest result this week, and they're some of Wall Street鈥檚 most influential companies because they鈥檝e inflated to become some of the biggest in terms of size by far.
Outside of Big Tech, executives from Caterpillar, Exxon Mobil and McDonald鈥檚 may also offer clues this week about how they鈥檙e seeing economic conditions play out. Several their estimates for upcoming profit or pulling their forecasts completely because of uncertainty about what will happen with Trump鈥檚 tariffs.
鈥淲e heard more plans to mitigate tariff impacts than in prior months and than during 2018鈥� from U.S. companies, including pre-ordering, shifting production and increasing prices for their own products, according to Bank of America strategist Savita Subramanian. But she also said in a report that she's seeing 鈥渟ome indications of a pause: no hiring/no firing, no new projects/no cancellations etc.鈥�
A fear is that Trump鈥檚 on-again-off-again tariffs may be pushing households and businesses to alter their spending and freeze plans for long-term investment because of how quickly conditions can change, seemingly by the hour.
Domino鈥檚 Pizza slipped 0.4% after it reported weaker profit for the latest quarter than analysts expected and the pizza chain鈥檚 CEO, Russell Weiner, called the global economic environment 鈥渃hallenging.鈥�
DoorDash dipped 0.4% after , the food delivery service based in London, said it heard from DoorDash about a possible cash offer to take over the company.
So far, economic reports have mostly seemed to show the U.S. economy is still growing, though at a weaker pace. On Wednesday, economists expect a report to say U.S. economic growth slowed to a 0.8% annual rate in the first three months of this year, down from a .
But most reports Wall Street has received so far have focused on data from before Trump鈥檚 鈥淟iberation Day鈥� on April 2, when he announced tariffs that could affect imports from countries worldwide. That could raise the stakes for upcoming reports on the U.S. job market, including Friday鈥檚, which will show how many workers employers hired during all of April.
Economists expect it to show a slowdown in hiring down to 125,000 from 228,000 in March.
The most jarring economic data recently have come from surveys showing U.S. consumers are getting much more pessimistic about the economy鈥檚 future because of tariffs. The Conference Board鈥檚 latest reading on consumer confidence will arrive on Tuesday.
In the bond market, Treasury yields fell some more. They鈥檝e calmed since an unsettling, in yields earlier this month rattled both Wall Street and the U.S. government. That rise had suggested investors worldwide may have been losing faith in the U.S. bond market鈥檚 reputation as a safe place to park cash.
The yield on the 10-year Treasury fell to 4.22% from 4.29% late Friday.
In stock markets abroad, indexes were mixed amid modest moves across much of Europe and Asia. The CAC 40 in Paris rose 0.5%, but stocks slipped 0.2% in Shanghai.
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AP Writers Jiang Junzhe and Matt Ott contributed.
Stan Choe, The Associated Press
