Stocks Mixed as Investors Eye Fed Testimony, Economic Data
• Major stock indexes open lower amid investor concerns; technology sector down 1.3% • Target stock up over 11%; Albemarle shares down 10% • Fed Chairman Powell to testify this week on monetary policy • Awaiting US factory orders, ISM services data, and February jobs report • Atlanta Fed President Bostic expects 2 rate cuts in 2024 to combat ongoing inflation