Markets
Here are today’s market moves:
S&P 500 up 1.44% to 4,077.91
Dow Jones up 1.13% to 33,527.19
Nasdaq up 1.67% to 13,705.59
Bitcoin: $58,748
US10Y: 1.706%
Gold: $1,729
What Happened?
The S&P 500 and Dow Jones hit new highs on Monday as a strong jobs report reassured investors that the economic recovery is gaining strength.
New applications for unemployment benefits are trending down and hiring seems to be picking up again.
The Institute for Supply Management’s services index rose to an all-time high of 63.7 in March from 55.3 in February, giving investors further confidence of an economic expansion.
Markets have climbed to record highs in recent days as vaccinations accelerate in the U.S. and trillions of dollars of stimulus enter the economy.
What Else?
This Week
Tuesday: Earnings expected from Paychex.
Wednesday: Earnings expected from Lamb Weston.
Thursday: Earnings expected from Levi Strauss, Constellation Brands, and Conagra Brands; Weekly jobless claims.
Friday: Earnings expected from JinkoSolar.