US stock indices dropped on Monday ahead of key jobs data and Fed chair Jerome Powell’s congressional testimony later this week.
Data on US non-farm payrolls and unemployment rate for February will be released on March 8.
Powell is due to testify before lawmakers on Wednesday and Thursday.
At 9:40 a.m. ET, the Dow Jones Industrial Average was down 151.11 points, or 0.39 per cent, at 38,936.27, the S&P 500 was down 7.97 points, or 0.16 per cent, at 5,129.11, and the Nasdaq Composite was down 25.21 points, or 0.15 per cent, at 16,249.73.
ALSO READ: Wall Street week ahead: Fed chair Jerome Powell’s congressional testimony, jobs report in focus
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Shares of Apple fell 2.1 per cent following…
