The Dow Jones Industrial Average was trading lower Monday afternoon, hovering near session lows, after the index notched its first record close of 2025 on Friday. Meanwhile, the Nasdaq Composite rose.

Fed chief Powell's dovish speech triggered a big Friday rally, with the S&P 500 and Dow Jones hitting new highs and several stocks flashing buy signals. Nvidia earnings loom.

Wall Street trades mixed on Monday, easing back after a strong rally that drove the Dow to a record close on Friday in the wake of Federal Reserve Chair Jerome Powell’s remarks at Jackson Hole. The blue-chip Dow (DJI) leads all of the major averages lower as it has slipped 0.