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.

Nvidia, the leading AI chipmaker, is set to announce its quarterly earnings this Wednesday. Analysts anticipate adjusted earnings of $1.01 per share and revenue of $46.13 billion, amidst high hopes and cautious sentiments among investors.

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,