U.S. stocks tumbled Friday as the “Trump bump” that Wall Street got from last week’s presidential election, along with a cut to interest rates by the Federal Reserve, kept fading. The S&P 500 dropped 1.

Nvidia Corp's results in the coming week could guide the U.S. stock market on its next path, as investors turn their focus to the technology sector and artificial intelligence trade after an election-fueled rally stalled.

The S&P 500 is now around 1% lower than the level it traded in the wake of Trump's election win on November 6.

Shares started out the week mixed in Asia after U.S. stocks fell to their worst loss since Election Day. Japan's Nikkei 225 index dropped 1% to 38,255.65 as the yen regained some strength against the U.