By Noel Randewich (Reuters) -Wall Street stocks ended lower on Monday as investors parsed the outlook for U.S. interest rates and looked ahead to AI chipmaker Nvidia's quarterly earnings this week while digesting a rally on Friday that lifted the Dow Jones Industrial Average to a record high close.

The blue-chip Dow ( DJI) led all of the major averages lower as it ended in the red by 0.7%. At the same time, the benchmark S&P 500 ( SP500) closed lower by 0.4% and the tech focused Nasdaq Composite ( COMP:IND) handed back 0.2%.

Wall Street Isn't Expecting a Big Pop for Nvidia Stock on Aug. 27. Here's Why Analysts Could Be Wrong. The fingernail-biting phase with Nvidia ( NVDA 1.65%) should now be over. Sure, the chip stock plunged 37% at one point this year. However, it has since rebounded strongly. Nvidia's stock is now up more than 30% year to date.