From Nasdaq:

Wall Street’s main indexes dip as investors wait for key jobs data and Fed Chair Powell’s congressional testimony. The S&P 500 and Nasdaq hit record highs last session. BofA raises year-end target for S&P 500 to 5,400. Megacap stocks down with Apple hit by $2 billion EU antitrust fine. Macy’s jumps on buyout bid increase. Crypto stocks surge as bitcoin surpasses $65,000. Indexes down: Dow 0.39%, S&P 0.16%, Nasdaq 0.15%. Super Micro Computer and shoe maker Deckers Outdoor up ahead of S&P 500 entry.

Nasdaq hits intraday all-time high, AI tech rally continues to shine. BofA raises S&P 500 year-end target to 5,400. Fed Chair Powell to testify this week. Jobs data and “Beige Book” insights awaited. Market wary of inflation, potential negative AI developments. Traders eyeing June rate cut with 70.5% chance and July cut at 89%.

Apple down 2.1% after $2 billion EU antitrust fine. Nvidia surpasses $2 trillion market value. Super Micro Computer and Deckers Outdoor spike ahead of S&P 500 entry. Macy’s climbs on increased buyout bid. Crypto stocks surge as bitcoin breaks $65,000. Chipmakers including Micron, Arm, and TSMC gain. Indexes down with communication services in the red. Market sees a mixed bag of performances on Wall Street.



Read more at Nasdaq: US STOCKS-Wall St dips after record-breaking rally; economic data on tap