Nvidia Surpasses Amazon as Nasdaq Wobbles

Nasdaq Slips as Dow and S&P 500 Rise Ahead of U.S. Inflation Reports

The Nasdaq slipped on Monday afternoon after briefly surpassing its record closing high from November 2021, but the Dow and the S&P 500 rose modestly ahead of two U.S. inflation reports this week that could influence Federal Reserve policy. Nvidia overtook Amazon.com in value, but Nasdaq lost some steam after nearing its all-time intra-day high of 16,212.229.