Dow Jones Industrial Average declined 0.45% Monday. S&P 500 dropped 0.1%. Nasdaq composite reversed slightly higher after recovering from huge losses. Tesla stock reversed higher after erasing sharp losses Monday. Fed chief Jerome Powell's confirmation hearing Tuesday.

Among Monday's top stocks to buy and watch, Commercial Metals (CMC), Diamondback Energy (FANG), SVB Financial (SIVB) and Wells Fargo (WFC) are in or near new buy zones. Chinese EV leaders Li Auto (LI) and Xpeng Motors (XPEV) were sharply lower Monday.

Dow Jones futures rose 0.2% vs. fair value. S&P 500 futures were up 0.35%. Nasdaq 100 futures rose0.55%. Remember that trading in Dow Jones futures and elsewhere doesn't necessarily translate into actual trading in the next regular stock market session.

Among exchange traded funds, Innovator IBD 50 (FFTY) dropped 0.5%. Nasdaq 100 tracker Invesco QQQ Trust (QQQ) rose 0.1%. The 10-year Treasury yield closed at 1.78% after trading as high as 1.8% Monday. Federal Reserve Chairman Jerome Powell will face questions at his Senate confirmation hearing.
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