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.
The likely next chancellor is unpopular, and his country’s economy has stalled. But his penchant for risks could help lead to a European showdown with President Trump.
The leader of the conservative Christian Democrats celebrated as exit polls indicated they had won Sunday’s election, which had the highest voter turnout in decades.
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.
Merz, a man who has never held a government role, is preparing to take the reins in Germany just as the country faces economic and diplomatic crises.