US stocks couldn't hold opening gains amid ongoing inflation and economic worries. Nvidia earnings and inflation data are due later this week.

U.S. stocks drifted lower following their sharp losses from last week. The S&P 500 fell 0.5% Monday after flipping between small gains and losses through the day. The Dow Jones Industrial Average added 0.

Nvidia is due to report this week, with expectations high around the company's results, having become known as the stock market's AI darling.

U.S. equity futures moved higher 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.