Stocks Mixed Ahead of Powell Testimony as Tech Stocks Rally, Bitcoin Surges
• Stocks ended mixed on Monday as investors awaited Fed Chairman Jerome Powell's testimony to Congress this week.
• The latest jobs data, out Friday, will also inform Fed policy along with Powell's comments.
• Nvidia and Super Micro Computer stocks rose over 3% and 19% respectively on Monday.
• While the S&P 500 and Nasdaq saw limited gains, tech stocks like chipmakers continued rising.
• Bitcoin surged 7% to near its all-time high as cryptocurrencies rallied.