Stock Market Today: S&P 500, Nasdaq Fall for Third Consecutive Day; Utilities Emerge the Only Sector Unscathed

Market Overview - U.S. stocks showed a recovery from a modest start, with the Nasdaq increasing by 0.32% and the S&P 500 by 0.18% as of midday [2] - The opening bell saw declines in major indexes, with the Nasdaq down 0.55% and the S&P 500 down 0.43%, reflecting a continuation of last week's selling pressure [2] Company Updates - JPMorgan reported strong demand for Apple's iPhone 17, indicating that the latest phone launch is driving upgrades, although Apple's stock is down 1.5% today [3] - Strategy announced the acquisition of 8,178 Bitcoin for a total of $835.6 million, continuing its investment in the cryptocurrency despite recent market declines, with Bitcoin down 1.4% today [4] - Jazz Pharmaceuticals experienced a significant increase of 21.7% in pre-market trading due to positive results from its new cancer drug, Ziihera, in phase three trials [6] - Alphabet's stock saw a rise following Berkshire Hathaway's investment of approximately $5 billion in the company [6]