Mar 5, 02:10 PM

Dow Jones, Nasdaq Retreat Over 1% as Investors Await Powell's Testimony and Jobs Data

U.S. stock index futures were muted on Monday after the S&P 500 and Nasdaq achieved record highs. Wall Street's main indexes took a breather ahead of Federal Reserve Chair Jerome Powell's testimony and key jobs data. Stocks dipped on Tuesday as investors awaited economic data and events, with megacap growth stocks leading the decline. The three major indexes on Wall Street retreated more than 1% due to weakness in megacap growth companies like Apple and the chip sector.

#Nasdaq #Wall Street #Federal Reserve #Jerome Powell #Apple

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