The tech-heavy Nasdaq Composite rose higher Monday in its biggest one-day gain since July as investors poured into top names like Nvidia (NVDA  ), Tesla (TSLA  ) and Meta Platforms (META  ). The Dow Jones Industrial Average lost more than 35 points, while the S&P 500 added about 0.70%.

Here's how the market settled on Monday:

S&P 500 Index (SPY  ): +0.69% or +30.06 points to 4,399.77

Dow Jones Industrial Average (DIA  ): -0.11% or -36.97 points to 34,463.69

Nasdaq Composite Index (QQQ  ): +1.56% or +206.81 points to 13,497.59

Monday's positive moves come after a week of declines for stock, with the S&P 500 and Nasdaq each notching a third straight week of losses and the Dow posting its biggest weekly drop since March.

The week ahead is expected to be full of retail earnings from companies like Lowe's (LOW  ), Macy's (M  ), Kohl's (KSS  ) as well as Nvidia's highly anticipated report on Wednesday. Market participants are also looking towards Federal Reserve Chair Jerome Powell's address at the central bank's annual symposium at Jackson Hole, Wyoming Friday morning for more clues on the Fed's next moves.

Ahead of Nvidia's earnings, Wolfe Research's Chris Senyek wroe that Nvidia's quarterly results on Wednesday could prove to be another "critical" event for Wall Street this week, pointing to how the stock's strong quarterly report back in May boosted the broader sector.

"More specifically, we believe that it was a main catalyst for many bellwethers to separate from Fed liquidity and instead start trading on 'AI optimism' and price momentum," Senyek wrote in a note on Monday.

Moreover, HSBC reiterated its Buy rating on the chipmaker and increase its price target to imply a more than 80% upside from Friday's close.

"Although market expectations have clearly risen for Nvidia and the overall AI supply chain, we expect bullish AI server momentum continued to surpass market expectations," analyst Frank Lee said in a note on Monday. "We continue to see strong demand that continues to outpace supply, especially with regard to AI GPU shipments."

On the earnings front for Monday, Palo Alto Networks (PANW  ) shares rose nearly 15% after posting strong fiscal fourth-quarter earnings results and issued first quarter guidance after market close on Friday. The cybersecurity company expects first-quarter adjusted earnings between $1.15 to $1.17, and revenue of $1.82 billion to $1.85 billion.

Looking ahead, Zoom Video Communications (ZM  ) is set to release its quarterly results after the bell on Monday, while retailers Lowe's, Macy's and Dicks Sporting Goods (DKS  ) will post their reports on Tuesday.