Markets
Here are today’s market moves:
What Happened?
The S&P 500 climbed on Monday to set closing highs ahead of a busy week of earnings. The Dow Jones and Nasdaq also climbed to records.
More than a third of S&P 500 companies will report their Q2 results this week, including Tesla, Facebook, Amazon, Microsoft, and Alphabet.
The Federal Reserve will hold a two-day policy meeting Tuesday and Wednesday. Policy makers are expected to discuss the outlook on inflation and any clues on when the central bank may start scaling back its bond purchase program.
Some analysts say that worries over economic growth and the spread of the delta variant of coronavirus may pose as a challenge to stocks in the coming weeks.
The crypto market climbed on Monday, with Bitcoin trading above $40k at one point, as short sellers closed their positions and rumors circulated that Amazon is looking to accept Bitcoin payments later this year.
What Else?
This Week
Monday: Earnings expected from Tesla.
Tuesday: Earnings expected from Apple, Microsoft, Google, and Starbucks.
Wednesday: Earnings expected from Facebook, Paypal, Spotify, and McDonalds.
Thursday: Earnings expected from Amazon, Mastercard and T-Mobile.
Friday: Earnings expected from P&G, Exxon, and Chevron.