Good evening.
Markets fall to start week, the S&P 500 is up 7.5% in 2023, and Janet Yellen says the probability of a U.S. recession is low.
Let's dive in.
Markets
Here are today's market moves:
What Happened?
U.S. stocks fell on Monday to start the week after Friday’s strong jobs report.
The report raised the prospect of more interest rate increases from the Federal Reserve.
The stock market is still off to a strong start in 2023, with the S&P 500 up 7.5%:
A busy week of earnings. Disney, Paypal, Pepsi, and Uber are among the companies slated to report earnings this week.
The crypto market fell on Monday, with Bitcoin dipping below $23,000, as the new-year rally loses steam.
Catch Up
64% of Americans are living paycheck to paycheck, near a record high.
U.S. Treasury Secretary Janet Yellen rejected recession fears on Monday, saying the economy remains "strong and resilient."
Google is launching an AI chatbot called Bard in the coming weeks to rival ChatGPT.
