Wall Street stocks ended lower on Monday as investors parsed the outlook for U.S. interest rates and looked ahead to AI chipmaker Nvidia's quarterly earnings this week while digesting a rally on Friday that lifted the Dow Jones Industrial Average to a record high close.

Stocks closed lower on Wall Street after a big jump last week on hopes for interest rate cuts from the Federal Reserve

The chipmaker’s numbers could signal if the AI trade still has legs. Post-Jackson Hole, the Fed’s favorite inflation gauge hits. European post offices pause package shipments,