Markets
Here are today’s market moves:
S&P 500 up 0.58% to 4,266.49
Dow Jones up 0.95% to 34,196.82
Nasdaq up 0.69% to 14,369.71
Bitcoin: $34,835
US10Y: 1.494%
What Happened?
The S&P 500 and Nasdaq rose to new records on Thursday after President Biden and a group of senators agreed to a $1 trillion infrastructure plan.
Market volatility has fallen this week as investors’ concerns about higher inflation and tighter monetary policy have eased.
U.S. markets are trading near all-time highs as the economy continues to recover from the pandemic.
Bitcoin and other cryptocurrencies continued to recover from the latest sell-off ahead of options expiry, which has large open interest around $40K.
Microsoft closed for the first time with a $2 trillion market value, joining Apple as the only other U.S. company to pass the $2 trillion mark.
What Else?
This Week
Tuesday: Existing homes sales report.
Wednesday: Earnings expected from IHS Markit.
Thursday: Earnings expected from FedEx, and Nike. Weekly jobless claims.
Friday: Earnings expected from Carmax and Paychex.