Welcome to Markets Desk, here's what's moving your money right now.
Stocks finished Monday's session in mixed but broadly constructive territory, with the S&P five hundred edging up fractionally as traders leaned into optimism ahead of tech earnings. The Nasdaq one hundred barely held flat while the Dow slipped slightly, suggesting rotation rather than conviction on either side.
Pulling in the opposite direction, Arm Holdings snapped a seven-session winning streak, leading Nasdaq one hundred decliners after investors grew skeptical about whether the chip designer would secure a meaningful role in a potential Qualcomm and OpenAI partnership. That's a notable reversal for a stock that had been riding AI enthusiasm hard, and it signals the market is starting to ask harder questions about who actually wins in the AI supply chain.
Meanwhile, Social Security recipients collecting their two point eight percent cost-of-living adjustment this year are finding that raise isn't stretching as far as hoped. Three months into the adjustment, inflation has continued eating into purchasing power for fixed-income beneficiaries, reigniting the broader debate about whether the formula used to calculate those annual increases truly reflects what retirees actually spend.
That's the tape. Markets Desk, signing off the floor.
