Stock Market Today: AAPL Gets Coverage, TSLA Cuts Prices, SNAP Strength

Markets rallied to kick off the week, but lost momentum into the close and finished relatively unchanged. Utilities and communication services posted modest gain, led by the information technology sector. Goldman Sachs started coverage on Apple (AAPL) with a buy rating saying that APPL's valuation is attractive relative to its historical multiples and its peers. Tesla (TSLA) is reducing the prices of its more expensive models for the second time this year. The Model S will be reduced by 5% and the Model X will be reduced by 9%. Snap Inc. (SNAP) closed the session up higher amid ongoing talks in the U.S. Senate over a bill allowing for the ban on foreign technology, like TikTok. Tomorrow, all eyes will be on Congress as Fed Chair Jerome Powell begins two days of testimony. Tune in to find out more about the stock market today.