Wall Street struggled for traction on Monday, ending mixed after slumping last week, while German election results buoyed German shares and Europe's single currency as investors waited for midweek results from artificial intelligence chip leader Nvidia.
US stocks looked set to claw back ground Monday with Nvidia Corp. rising in early trading, days before its earnings release. German stocks gained after conservatives led by Friedrich Merz emerged as the winners in a weekend vote.
Friedrich Merz’s party has won the most seats in Germany’s election. But after ridiculing the left and embracing far right issues, he may struggle to form a coalition.
Nvidia (NVDA) suffered a record one-day loss in market value last month over how low-cost DeepSeek might shake up the "AI" ecosystem, although shares have since mostly bounced back.