Markets
Here are today’s market moves:
What Happened?
The S&P 500 and Dow Jones fell on Monday as a decline in oil prices signaled unease about the economic recovery.
The major U.S. indexes are sitting near records, with the S&P 500 and Dow Jones notching fresh highs on Friday.
On Friday, the Department of Labor said that employers added 943,000 jobs and the jobless rate fell to 5.4% in July.
The spread of the delta variant remains a risk to slowing down the economic recovery in the coming months.
The crypto market climbed on Monday, with Bitcoin trading near $46,000, as U.S senators reach a compromise on the crypto provision of the infrastructure bill.
What Else?
This Week
Monday: Earnings expected from AMC.
Tuesday: Earnings expected from Coinbase.
Wednesday: Earnings expected from eBay and Wendy’s.
Thursday: Earnings expected from Airbnb and Disney. Weekly jobless claims.
Friday: Earnings expected from 23andMe.