Markets
Here are today’s market moves:
S&P 500 up 0.23% to 4,290.61
Dow Jones down 0.44% to 34,283.27
Nasdaq up 0.98% to 14,500.51
Bitcoin: $34,243
US10Y: 1.478%
What Happened?
The S&P 500 and Nasdaq climbed higher on Monday, setting fresh records.
Growth shares continued to outperform value names on Monday, as the 10-year yield fell to 1.47%. Facebook shares rose 4.18%, closing above a $1 trillion market cap for the first time ever.
Investors are patiently waiting for the June jobs report, which is set to drop on Friday morning. The report is expected to show the economy added 683,000 jobs in June.
According to the Federal Reserve, U.S. households added $13.5 trillion in wealth last year, the biggest annual increase on record. In 2008, households lost $8 trillion.
Bitcoin climbed more than 6% on Monday after Mexican billionaire Ricardo Salinas Pliego said his bank is working on becoming the first Mexican lender to accept cryptocurrency.
What Else?
This Week
Monday: Earnings expected from Jefferies, Herman Miller.
Tuesday: Earnings expected from FactSet.
Wednesday: Earnings expected from Bed Bath, Constellation Brands, General Mills, and Micron Tech.
Thursday: Earnings expected from H&M, Walgreens. Weekly jobless claims.
Friday: June jobs report released.