Markets
Here are today’s market moves:
S&P 500 up 0.35% to 4,384
Dow Jones up 0.36% to 34,996
Nasdaq up 0.21% to 14,733
Bitcoin: $33,008
US10Y: 1.368%
What Happened?
U.S. stocks climbed on Monday as investors position themselves for the start of earnings season.
Earnings reports are expected this week from Bank of America, BlackRock, Citi, Delta, Goldman Sachs, Morgan Stanley, Pepsi, and Wells Fargo.
Investors will also be paying attention to the June CPI inflation report tomorrow for signs of inflationary pressures.
On Wednesday, Fed Chair Jerome Powell will deliver the central bank’s semiannual report to Congress on the state of the U.S. economy.
The cryptocurrency market fell on Wednesday, with Bitcoin trading near $33,000 as traders await a key U.S. inflation report Tuesday.
What Else?
This Week
Monday: Earnings expected from Simulations Plus.
Tuesday: Earnings expected from Chase, Goldman Sachs, and Pepsi.
Wednesday: Earnings expected from Bank of America, BlackRock, Citi, Delta, and Wells Fargo.
Thursday: Earnings expected from Morgan Stanley and UnitedHealth. Weekly jobless claims.
Friday: Earnings expected from Charles Schwab.