Stocks open lower ahead of Powell testimony, jobs data
03/04/2024 22:22
US stock market indices (^DJI, ^IXIC, ^GSPC) open Monday's session in the red to start the week. The S&P 500 and Nasdaq kicked off the month of March last Friday by closing at record highs. Yahoo Finance's Madison Mills observes the morning's market and sector action ahead of Federal Reserve Chair Jerome Powell's testimony to Congress and this Friday's jobs report. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.

Reuters
Marketmind: Stocks hold records with Powell in view, Nikkei tops 40k
Record tech-led U.S. and world stock indexes, a recoil in Treasury bond yields and the prospect of fresh Chinese stimulus make for a potent cocktail heading into this week's key testimony from Federal Reserve boss Jerome Powell. Chip-testing equipment maker Advantest, which counts AI darling Nvidia among its customers, was up 3.7% and chip-making equipment giant Tokyo Electron gained another 2.4%. Dell Technologies surged 31.62%, its biggest daily percentage gain ever, after the personal computer maker forecast annual revenue and profit above Wall Street estimates.

Barrons.com
Jobs Data, Target, Costco, and Broadcom Earnings, and More to Watch This Week
The February employment report is forecast to show a gain of 200,000 jobs. Plus, earnings from Target, CrowdStrike, Campbell Soup, Broadcom, Costco, and Kroger.

Zacks
Stock Market News for Mar 4, 2024
U.S. stock markets closed higher on Friday, the first trading day of March, maintaining the momentum of the first two months of 2024.

