From Yahoo Finance:

US stocks took a pause on Monday after a record-setting rally, with the S&P 500 slipping 0.1%, the Dow Jones falling 0.3%, and the Nasdaq sliding 0.2%. Tech stocks have been driving gains, with the Nasdaq hitting a new all-time high. Bitcoin climbed above $65,000, nearing a record high. Investors are looking ahead to Federal Reserve Chair Powell’s testimony and the February jobs report to gauge the US economy. In other news, EU regulators fined Apple almost $2 billion and Macy’s stock surged 16% on a higher buyout offer. Spirit Airlines shares dropped over 12% after the termination of its merger agreement with JetBlue.

Spirit Airlines (SAVE) stock sank as much as 16% after terminating its $3.8 billion merger with JetBlue (JBLU), which was blocked by a federal judge in January due to antitrust concerns. Meanwhile, shares of JetBlue rose over 5% in pre-market trading. Federal Reserve Chair Powell’s testimony and the monthly jobs report are key events for investors this week.

Nvidia (NVDA) is now the 3rd most valuable US company, with a market cap of $2.05 trillion. It took only 180 trading days for Nvidia’s market cap to double from $1 trillion to $2 trillion. An impressive 92% of analysts covering the stock rate it as a “buy.” Leading the AI industry, Nvidia’s performance is closely watched as a barometer for the market trends in 2024 and beyond.



Read more at Yahoo Finance: Dow slides at the open as stock rally loses steam