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

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…