On Monday’s trading day, markets took a break from recent highs as investors relaxed ahead of this week’s key inflation data and corporate earnings. At the moment, a battle between AI momentum and economic risk continues to take place, with investors retaining rate cuts in the black of their minds. Regardless, markets will gain more clarity on the strength of the economy as there still remain more economic releases ahead of the next FOMC rate meeting in late March. For the main indices, the S&P 500 dropped 0.38%, the NASDAQ Composite went down 0.13%, and the Dow Jones fell 0.16%.
Two individual companies to make headlines throughout midday trading were Berkshire Hathaway and Domino’s Pizza. After announcing its earnings report on Saturday, Warren Buffett’s conglomerate saw its stock fall 1.94% after the firm didn’t provide “eye-popping” performance. In the green was pizza chain Domino’s soaring 5.85% after the company raised dividends by 25% and announced an additional share repurchase program.