US stocks mixed as AI angst lingers ahead of tech results

Market Overview - The tech-focused Nasdaq Composite Index decreased by 0.1 percent, reaching 23,440.44, while the Dow Jones Industrial Average increased by 0.3 percent to 49,030.40, and the S&P 500 remained flat at 6,940.31 [1][4]. Earnings Reports - Earnings reports from major US tech firms, referred to as the "Magnificent Seven," are anticipated, with companies like Amazon and Alphabet set to report this week [1][4]. - Despite positive quarterly earnings showing growth in streaming services and record theme park revenue, Disney's shares fell by 6.5 percent [3]. Nvidia Developments - Nvidia's shares dropped approximately 2.1 percent following a report that its plans to invest up to $100 billion in OpenAI have stalled due to internal doubts about the agreement [2][4]. - In contrast, Oracle's shares rose nearly 1.0 percent after announcing plans to raise up to $50 billion this year to enhance AI infrastructure, responding to increasing client demand [2][4].