"Market Retreat: Investors Await Economic Data and Powell Testimony"
Stock futures slipped after the Nasdaq Composite retreated from its record high, with Dow Jones Industrial Average futures dropping 0.1% and S&P 500 futures inching down 0.1%. Large cap tech companies faced mixed performance, with chipmakers Nvidia and Super Micro Computer gaining, while Apple and Tesla experienced losses. Utilities sector outperformed, led by Dominion Energy and AES, while Constellation Energy showed considerable strength. Gold's ascent lifted miners ETF to its best day in 2024, and Renaissance Macro Research advised investors to reconsider Apple. JPMorgan analyst sees better times ahead for "best in class" retail brands, and investors are looking toward earnings reports from Target, Nordstrom, and Box.