Stock Market Today: Stocks mixed with Nvidia, inflation data in focus

U.S. stocks were mixed in early Monday trading, helped by a pullback in the dollar and steady Treasury bond yields, as investors looked to claw back some of last week's sharp declines heading into a key week for tech stocks on Wall Street. 

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