Stocks Pause Ahead of Jobs Data; Tesla Sinks, Nvidia Climbs; Boeing Slapped with $2B EU Fine
• Stocks took a breather on Monday, with traders awaiting jobs data and remarks from Fed officials for interest rate outlook clues
• Tesla stock sank over 7%; Nvidia climbed 3.6%, becoming the world's 3rd most valuable public company
• Fed Chair Powell heads to Capitol Hill for testimony; expected to reinforce message of no rush to cut rates
• Some see signs of "froth" in the market, though strategists say stocks can push higher absent signals of significant economic slowdown
• Boeing failed to comply with manufacturing requirements in multiple instances, according to a safety audit; hit with $2 billion EU penalty over allegations of shutting out music streaming rivals