The Nasdaq and S&P 500 closed higher on Monday, recovering some losses as investors anticipate quarterly earnings from AI leader Nvidia , and Tesla jumped on the prospect of favorable policy changes from the incoming Trump administration.

Stocks were mostly positive on Monday, but the Dow was weighed down by Nvidia (NVDA) and Nike (NKE). Still, the S&P 500 and the Nasdaq were boosted by Netflix (NFLX) and Tesla (TSLA) as well as an upbeat reading for a widely watched homebuilder survey.

Nvidia’s earnings will take centre stage for the US stock market this week, while FTSE 100 firms Imperial Brands, Severn Trent and Halma report across the pond. The chipmaking behemoth has seen its share price gain nearly 800 per cent over the last two years as booming demand for AI has driven it to become