US stocks trade mixed ahead of key data releases

Wall Street’s main indexes reached new all-time highs last week, with the Dow Jones Industrial Average (DJIA) at 39,143.98, the Nasdaq Composite up 0.15% at 16,015.32, and the S&P 500 trading near Friday’s closing level at 5,088 midday on Monday.

The Energy Sector is the best-performing major S&P sector in the first half of the session, while the Utilities Sector is down nearly 1.8%. Palo Alto Networks Inc. and Domino’s Pizza Inc. are among top S&P 500 gainers, rising 8.5% and 6.4%, respectively. Insulet Corp. and Moderna Inc. both lose around 5% on the day as biggest decliners.

Dow Jones and S&P 500 closed at new all-time highs on Friday, gaining 1.3% and 1.6% on a weekly basis. The Nasdaq Composite closed the last trading day of the week in negative territory, but the index added 1.4% for the week.

Nvidia Corp. shares hit a new record-high of $823.94, but pulled back in the back half of the trading day to finish at $788.17. The chipmaker reported earnings per share topped $5.16 versus the $4.64 forecast, and revenue climbed to $22.10 billion compared to the expected $20.62 billion.

January Durable Goods Orders data will be featured in the economic calendar before the US Bureau of Economic Analysis releases the second estimate of GDP growth for the fourth quarter on Wednesday. New York Fed President John Williams expects the US central bank to start lowering the policy rate in the second half of the year.