On Monday, March 4th, U.S. markets closed lower, with investors holding back in anticipation of upcoming economic reports and testimony from Fed Chair Jerome Powell before Congress. The majority of sectors on the S&P 500 were up; utilities, real estate, and materials led gains, while communication and consumer stocks declined. Chip stock rally, led by Nvidia (NASDAQ:NVDA), pushed the S&P 500 to new highs as investors bet on AI demand despite caution before economic data. The Dow Jones Industrial Average declined 0.25% to close at 38,989.83. The S&P 500 fell 0.12%, ending the day at 5,130.95. M…
