CNBC Daily Open: U.S. services pace slows slightly

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe  here .

Dow's steep decline
Wall Street ended lower Tuesday as the broader market was dragged by sharp declines in major tech stocks. The Dow lost over 400 points, while the S&P 500 dipped 1.02%. The tech-heavy Nasdaq slipped 1.65% as Apple shares plunged almost 3%. Bitcoin also tumbled shortly after surpassing the peak for the first time in two years.

China growth push
China may need to resort to an old tactic to hit its ambitious growth target this year. Wang Dan, economist at Hang Seng Bank (China), expects "some kind of a project that is in similar size and quality of the Three Gorges Dam to really pull up domestic demand" for Beijing to meet its goal of achieving "around 5%" growth in 2024.

Super Tuesday
The biggest day for securing delegates for the 2024 election is underway as voters in 16 states and one territory go to the polls. But this Super Tuesday isn't a nail-biter. President Joe Biden and former President Donald Trump hold commanding leads in the polls of their respective parties.

Powell's testimony
Fed Chair Jerome Powell heads to Capitol Hill as investors look for more clarity about how the central bank proceeds with monetary policy this year. In recent weeks, Powell and other Fed officials have expressed satisfaction with the trend in prices while also cautioning that inflation risks still linger.  

[PRO] Diversify AI plays
Nvidia may have enjoyed a solid run on the artificial intelligence frenzy, but fund managers highlight it's still better to diversify and seek other alternatives. Veteran