On Monday’s trading day, markets stayed fairly flat and pushed slightly lower as investors awaited key economic data and the last set of corporate earnings. This week, investors will have a slew of economic data to rely on, with January’s inflation and retail sales figures potentially contributing to larger price movements ahead. Although Monday served as a lower week, the S&P remains on its fifth straight week of gains and will be looking to capitalize following its passing of the 5,000 mark. This week, the S&P 500 will also have another 61 companies report their earnings from the previous quarter, adding to a list that is currently beating analysts’ estimates. For the main indices, the S&P 500 dropped 0.09%, the NASDAQ Composite went down 0.30%, and the Dow Jones rose 0.33%.
Two individual companies to make significant headlines throughout the trading day were Big Lots and Nvidia. Retailer Big Lots saw its stock plummet 27.99% following a downgrade from analysts on the grounds that it has lost market share and lacks a strong fiscal standing. Nvidia made headlines as its stock nearly passed Amazon’s market cap of $1.8 trillion, however by the bell Nvidia’s return pushed lower to only 0.16%.