· Stocks fell on Monday as losses in Apple shares pressured the broader tech sector. Investors also braced for key testimony from the top Federal Reserve official later this week.

The Dow Jones Industrial Average traded 115.98 points, or 0.4%, lower to 26,806.14 while the S&P 500 pulled back 0.5% to 2,975.95. The tech-heavy Nasdaq Composite lagged, sliding 0.8% to 8,098.38.

Wall Street also looked ahead to testimony from Federal Reserve Chair Jerome Powell on Wednesday. Powell’s testimony comes after a stronger-than-expected jobs report raised questions about whether the Fed will cut rates later this month.

· “I think that this will be one of the most important weeks of Chairman Powell’s 2019 career. I think the market has expectations of a quarter point at minimum rate cut at the end of July, yet the Fed really hasn’t concluded that that is going to occur yet,” Brett Ewing, chief market strategist of First Franklin Financial Services, told CNBC on Monday.

“This is the week that either Chairman Powell needs to guide the market into what they believe they are going to do that could be different or he needs to concur with the market,” Ewing said.

· Asia Pacific stocks rose in early trade on Tuesday, while U.S markets fell on Wall Street overnight with losses in tech shares.

In Japan, the Nikkei 225 added 0.55%, while Australia’s ASX 200 was near flat. The Kospi in South Korea rose 0.47%.

Investors are keeping an eye on testimony from Federal Reserve Chair Jerome Powell due Wednesday. It follows after a stronger-than-expected jobs report in the U.S. raised questions about whether the Fed will cut interest rates later this month.

Reference: CNBC