Markets
Here are today’s market moves:
What Happened?
The S&P 500 and Nasdaq climbed on Monday, driven by tech shares and full approval for Pfizer’s Covid-19 vaccine.
Investors are focused on the Fed’s annual economic policy symposium later this week for hints on when the central bank may slow down support.
Jerome Powell’s reappointment is supported by Treasury Secretary Janet Yellen, with President Joe Biden expected to make a decision near Labor Day.
Visa officially entered the NFT space by purchasing a CryptoPunk for $150,000.
The crypto market gained on Monday, with Bitcoin passing $50k for the first time since May, as Paypal expanded its crypto offerings to the U.K.