Stock Market Today: Stocks end as comeback falls short; Nvidia in focus

Updated at 4:49 PM EST by Rob Lenihan

Stocks ended mixed Monday, as markets failed to claw back last week's sharp declines heading into a key week for tech stocks on Wall Street, while investors reacted to looming tariff threats.

The Dow Jones Industrial Average edged up 33.19 points, or 0.08%, to end the session at 43,461.21, while the S&P 500 slipped 0.5%, closing at 5,983.25 and the tech-heavy Nasdaq dropped 1.21% to finish the day at 19,286.92.

Major tech names like Palantir, Nvidia, and Microsoft all lost ground.

During a press conference, President Donald Trump suggested tariffs on Mexico and Canada would "go forward on time, on schedule," once a month-long delay is over next week.

Updated at 1:17 PM EST

Buy American

The Treasury closed the first of three coupon bond auctions slated to raise $183 billion this week with a $69 billion sale of new 2-year notes that drew modestly weaker domestic demand but a massive surge in foreign buyers.

So-called indirect bidders, which are mostly comprised of foreign central banks, took down 85% of the sale, compared to just 65% from a similar sale last month. 

Overall, investors placed bids worth $176.64 billion for the $69 billion paper on offer, generating a bid-to-cover ratio of 2.56, down from 2.66 in January and the six-auction average of around 2.68.

US 2-Year Note Sale:
- High Yield Rate: 4.169% (prev 4.211%
- Bid-Cover Ratio: 2.56 (prev 2.66)
- Direct Accepted: 7.6% (prev 21.3%)
- Indirect Accepted: 85.5% (prev 65.0%)
- WI: 4.180%— LiveSquawk (@LiveSquawk) February 24, 2025

Updated at 11:48 AM EST

Fading gains

Stocks are giving back some of their earlier gains, even with a big pullback in Treasury bond yields, as investors continue to worry about the impact of tax, tariff and immigration policies on the world's biggest economy. 

"While today’s macro environment doesn’t resemble previous market peaks, and there remains a path for further market upside, policy uncertainty poses a significant challenge to sustaining bullish sentiment," said Christian Floro, senior associate and market strategist at Principal Asset Management.

"Following double-digit returns for U.S. equities over the past two years, and with valuations now incredibly expensive, investors are increasingly concerned about whether markets have peaked," he added.

The S&P 500 was last marked 8 points higher on the session, with the Nasdaq down 72 points. The Dow, meanwhile, was holding onto a 170 point gain.

Benchmark 10-year Treasury note yields were last seen 4 basis points lower on the session at 4.395% while 2-year notes were pegged at 4.xxx%

Dallas Fed Mfg Index Feb - biggest sequential plunge since March 2020

Significant declines in production, new orders, and capacity utilization, while input costs rose and wage pressures eased slightly. pic.twitter.com/jQ9DlKs5AC— Mike Zaccardi, CFA, CMT