Stocks Mixed as Investors Eye Powell Testimony, Apple and Tesla Slip While Target and AeroVironment Rally
• Dow Jones stocks fell as investors awaited Fed Chair Powell's testimony to Congress later this week • Cathie Wood's Ark Innovation ETF sold over $30 million in Coinbase shares while bitcoin reversed gains • Apple stock dropped on report of steep iPhone sales decline in China in 2024 • Target surged on strong earnings results, while AeroVironment soared on upbeat quarterly report • Tesla rival Nio gained after its earnings, but Tesla stock fell further below its 50-day moving average