The Dow Jones index dipped on the stock market today. President Trump spoke on tariffs. Tesla popped after Elon Musk touted an AI deal.

Investors kick off a hectic week with stocks moving mostly lower after a U.S.-European Union trade deal, with a Fed meeting, jobs data and a deluge of corporate earnings on deck.

The upbeat start follows a strong finish on Friday, when all three major indexes closed in positive territory. The S&P 500 and Nasdaq posted fresh record closing highs, while the Dow ended just 0.25% below its all-time high hit on December 24,

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The Dow feels pressure, weighed down by a steep fall for IBM, while the S&P 500 and Nasdaq climb to another round of records and meme-stock mania resumes.

The Dow Jones index rose after surprise economic data. Tesla stock rallied on new plans to launch its robotaxi service.

The S&P 500 is on track for another record, but market breadth is terrible. Only 171 stocks in the index are rising with the index up 0.1%. Top performers include Super Micro Computer, Nike, Advanced Micro Devices,