Markets
Here are today’s market moves:
S&P 500 up 0.028% to 4,291.80
Dow Jones up 0.026% to 34,292.29
Nasdaq up 0.19% to 14,528.34
Bitcoin: $36,040
US10Y: 1.475%
What Happened?
The S&P 500 and Nasdaq closed at record highs on Tuesday as consumer confidence data exceeded expectations.
The Conference Board said consumer confidence rose in June to the highest level since March 2020.
Housing data also added to the positive sentiment, with data showing that U.S. home prices climbed at their fastest pace ever in April.
Stocks have been marching higher in recent weeks as investors become more confident in the economic recovery and the prospect of fresh government spending.
Investors are waiting for the June jobs report this Friday, which is expected to show the economy added 683,000 jobs.
The cryptocurrency market gained on Tuesday, with Bitcoin trading near $36,000. Bitcoin shorts seem to be unwinding positions into the month’s close.
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.