Markets
Here are today’s market moves:
S&P 500 down 0.25% to 4,163.29
Dow Jones down 0.16% to 34,327.79
Nasdaq down 0.38% to 13,379.05
Bitcoin: $44,459
US10Y: 1.652%
What Happened?
The S&P 500 fell on Monday as concerns about rising inflation continued to unnerve investors.
Fed officials said today that they saw the recent price increases as transitory and that they will continue to support the economy.
Markets are currently in fear mode, according to the Feed and Greed Index:
The Nasdaq has fallen for four weeks straight, its longest losing streak since August 2019.
The crypto market fell after a series of negative statements by Elon Musk about Bitcoin’s environmental impact.
What Else?
This Week
Monday: Tax Day. Earnings expected from Fisker and Purple.
Tuesday: Earnings expected from Home Depot, Macy’s, and Walmart.
Wednesday: Earnings expected from Cisco, Lowe’s, and Target.
Thursday: Earnings expected from Kohl’s, Ross, Tencent, and L Brands; Oatly IPO; Weekly jobless claims.
Friday: Earnings expected from Foot Locket and John Deere.