Dow Jones Rises As Treasury Yields Extend Losses; Tesla Stock Falls On Price Cuts


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The Dow Jones Industrial Average rose Monday, as Treasury yields continued to fall ahead of Federal Reserve chair Jerome Powell's testimony on Tuesday. Global trade was mixed, despite China setting a lower-than-expected GDP growth target. Apple stock rallied after Goldman Sachs started coverage with a buy rating, saying it could climb more than 30%, while Tesla dropped on another round of price cuts. X Economic data was scarce Monday, with naught but January factory orders out. Factory orders fell 1.6% in January, better than estimates that expected a 1.8% fall vs. December's 1.8% rise, per Econoday estimates. Looking forward, a...