NEW YORK (AP) — Most U.S. shares are rising Monday, however one other slide for Wall Road heavyweight Nvidia is protecting indexes in test.The S&P 500 was 0.2% increased in morning buying and selling and nearing its file set final week. The Dow Jones Industrial Common was up 404 factors, or 1%, as of 10:45 a.m. Jap time, and the Nasdaq composite was 0.5% decrease.Shares of oil-and-gas firms are main a widespread rally, the place practically 85% of the shares within the S&P 500 are climbing. Exxon Mobil rose 2.1%, and oilfield companies supplier SLB gained 3% as oil costs hovered close to their highest ranges since April.The S&P 500’s achieve would have been even greater if not for a drop of 5.5% by Nvidia. The chip firm is heading towards a three-day shedding streak after rocketing 1,000% increased because the autumn of 2022. Practically insatiable demand for Nvidia’s chips to energy artificial-intelligence purposes have been a giant purpose for the U.S. inventory market’s run to information just lately, even because the economic system’s progress slows underneath the burden of excessive rates of interest.The AI growth has been so frenzied that it’s raised worries a couple of potential bubble within the inventory market and too-high expectations amongst traders. Nvidia’s inventory has been pulling again because it briefly overtook Microsoft as Wall Road’s most respected final week. It’s coming off its first shedding week within the final 9.As a result of Nvidia has change into so huge in dimension, the strikes that its inventory makes carry additional weight on the S&P 500 and different indexes. It was the heaviest weight by far on the S&P 500 Monday.RXO jumped 19.7% after it agreed to purchase the Coyote Logistics freight brokerage enterprise from UPS for practically $1.03 billion. RKO stated the deal will make it North America’s third-largest supplier of brokered transportation. UPS, which purchased Coyote in 2015 for $1.8 billion, rose 2.1%.Below Armour swung from an early loss to a achieve of 1.4% in its first buying and selling after saying it agreed to pay $434 million to settle costs raised by shareholders associated to its accounting and gross sales practices. The shoe and athletic put on firm denied any wrongdoing within the settlement, but it surely additionally agreed to separate the roles of chairman and CEO for no less than three years.Within the bond market, Treasury yields have been holding comparatively regular. The yield on the 10-year Treasury edged all the way down to 4.25% from 4.26% late Friday.It’s been principally falling since topping 4.70% in late April, which has relaxed the stress on the inventory market. Yields have been sinking on hopes that inflation is slowing sufficient to persuade the Federal Reserve to chop its primary rate of interest later this yr.Story continuesThe Fed has been protecting the federal funds charge on the highest degree in additional than 20 years, hoping to grind down on the economic system simply sufficient to get inflation underneath management.Fed officers could also be underappreciating simply how a lot the U.S. economic system is slowing, in accordance with economists at UBS led by Abigail Watt. They see progress slowing to under a 2% annualized charge within the first half of 2024, down from 3.1% progress within the fourth quarter of 2023 from a yr earlier.The useconomists say U.S. households within the backside 40% of the nation for revenue at the moment are burning by way of their financial savings after totally depleting the cushions they constructed throughout and instantly after the pandemic. That might additional gradual retail gross sales, which have been up and down as firms spotlight how lower-income prospects are sometimes struggling to maintain up.Wall Road is definitely hoping for a slowdown within the economic system, one that may take upward stress off inflation and push the Federal Reserve to chop charges. Goldman Sachs economist David Mericle stated a charge minimize may occur as quickly as September if inflation reviews like one developing on Friday end up as anticipated.The Fed simply wants to ensure it cuts rates of interest on the proper time. If it waits too lengthy, the economic system’s slowdown may careen right into a recession. If it’s too early, inflation may reaccelerate.In inventory markets overseas, indexes rose throughout a lot of Europe after principally falling in Asia.___AP Writers Matt Ott and Zimo Zhong contributed.