Key Points
NEW YORK (Reuters) -Wall Street stocks closed lower on Monday, backing away from record highs, while U.S. Treasury yields ticked higher as investors looked ahead to key jobs data and Federal Reserve Chair Jerome Powells congressional testimony later in the week...
After European stocks backed off from record highs, the major U.S. equity indexes followed suit, failing to eke out further gains following Fridays record-setting rally...
Market participants appeared to be showing caution ahead of Powells two-day congressional testimony on Wednesday and Thursday, the European Central Banks policy decision and the Labor Departments crucial February jobs report to be released early on Friday...
The market is waiting for Jerome Powells testimony to Congress, its waiting for employment data on Friday and wondering whether we are going to get any kind of meaningful digestion of recent gains...
European shares settled just south of all-time highs as investors digested recent gains and looked ahead to the European Central Banks monetary policy meeting on Thursday...
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