Markets
Here are today’s market moves:
What Happened?
The S&P 500 and Dow Jones closed at record highs on Tuesday after the Senate passed a $1 trillion bipartisan infrastructure package.
The S&P 500 has almost doubled from its March 2020 pandemic low, driven by near-zero interest rates and massive government spending.
The consumer price index for the month of July will be released on Wednesday. Investors will be paying close attention as the reading could affect when the Fed decides to taper its monthly asset purchases.
U.S. small businesses confidence fell in July, after hitting the highest level since last November in June.
The crypto market fell slightly on Tuesday, with Bitcoin trading just above $45k, after a nearly 20% rise over the past week.