"Market Retreat: S&P 500 and Nasdaq Edge Lower, Bitcoin Nears New Highs"
US stocks closed lower as investors prepared for Federal Reserve Chair Jerome Powell's testimony and the monthly jobs report. The S&P 500, Dow Jones, and Nasdaq retreated from records, with concerns about a tech bubble amid Nvidia's rise to a $2 trillion valuation. Bitcoin approached new highs, while EU antitrust regulators fined Apple $2 billion. Tesla's stock fell due to slowing China shipments and price cuts, while Ford's stock rose with a 10.5% jump in February sales. Gas prices saw sharp increases, and Bank of America and UBS projected bullish outcomes for stocks in 2024. Macy's stock jumped as a private equity firm upped its buyout bid to $6.6 billion, and Spirit Airlines' stock sank after the termination of its merger agreement with JetBlue.
- Stock market today: S&P 500, Nasdaq retreat from records, bitcoin marches closer to new highs Yahoo Finance
- Stock Market Today: Stocks Struggle To Gain Traction Around Record Highs Kiplinger's Personal Finance
- Dow Jones, S&P 500 end lower as investors await Powell testimony MarketWatch
- S&P 500 edges lower as investors hold their breath ahead of economic data Reuters
- S&P 500 Retreats From Record - WSJ The Wall Street Journal
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