From Nasdaq:

Wall Street fell as Apple and Tesla dragged down the Nasdaq, while investors awaited Jerome Powell’s remarks. U.S. services industry growth slowed slightly in February, but new orders hit a six-month high. Traders anticipate a rate cut in June, with the S&P 500 hitting a record high before Powell’s testimony. Stocks like Apple and Tesla slid, with Huawei posing competition in China. The Dow, S&P, and Nasdaq all dipped as Microstrategy announced a $600 million offering. Advancing issues slightly edged out decliners on the NYSE.



Read more at Nasdaq: US STOCKS-Tech-heavy Nasdaq leads Wall Street lower as megacaps slide