The Dow Jones Industrial Average fell 64.36 points, or 0.14 percent, to 44,837.56 on Monday. The S&P 500 added 1.13 points, or 0.02 percent, to 6,389.77. The Nasdaq Composite Index increased 70.27 points, or 0.33 percent, to 21,178.58.

Eight of the 11 primary S&P 500 sectors ended in red, with real estate and materials leading the laggards by losing 1.75 percent and 1.44 percent, respectively. Meanwhile, energy and technology led the gainers by rising 1.15 percent and 0.77 percent, respectively. 

Most sectors within the S&P 500 finished in negative territory, with real estate and materials falling the most. Energy and technology led the gainers, rising by 1.15 percent and 0.77 percent, respectively.

This follows the US-EU trade deal announced on Sunday which reduces tariffs on most EU imports to 15 percent, down from the 30 percent initially threatened by US President Donald Trump.

In the tech space, Tesla gained 3 percent after revealing a $16.5 billion deal to source advanced AI chips from Samsung. Nvidia and Broadcom both rose about 1.5 percent, while Apple, Amazon, and Meta also moved higher. Microsoft and Alphabet slipped modestly.

Investors are looking ahead to a busy week of economic data and corporate earnings. Reports on job openings, private payrolls, and jobless claims are due, along with results from more than 150 S&P 500 companies.

Tech heavyweights Meta and Microsoft will report on Wednesday, followed by Amazon and Apple on Thursday. Markets will closely watch commentary on AI investment trends.

The Federal Reserve will begin its two-day policy meeting on Tuesday, with a decision expected on Wednesday. While no change in interest rates is anticipated, traders are keen for any signals about the possibility of a rate cut in September.

(Cover via VCG)