"Stocks Pause After Record Rally, Madonna Embraces Next Wave of AI"

The S&P 500 edged higher ahead of a week filled with economic data and Fed Chair Jerome Powell's congressional testimony, with the communications services sector being the weakest and utilities being the biggest gainer. Apple's stock fell after being hit with a $2 billion EU antitrust fine, while Nvidia's market value surpassed $2 trillion for the first time. Investors are anticipating key monthly data on the service sector and non-farm payrolls, and the market is being driven by institutional and retail investors' fear of missing out despite concerns about expensive stock valuations. Additionally, AI server maker Super Micro Computer and shoe maker Deckers Outdoor are set to join the S&P 500 index, while Macy's saw a jump in its stock price after an increased buyout bid.