Markets
Here are yesterday’s market moves:
S&P 500 up 0.02% to 4,227.26
Dow Jones down 0.09% to 34,599.82
Nasdaq up 0.39% to 13,924.91
Bitcoin: $32,750
US10Y: 1.53%
What Happened?
U.S. stocks were mixed on Tuesday as the S&P 500 and Nasdaq rose slightly while the Dow Jones fell 0.09%.
The U.S. stock market has been trading sideways lately as investors look for catalysts to drive stocks in either direction.
Investors right now are optimistic about an economic recovery later in the year but also concerned about rising inflation.
Almost 4 million people quit their jobs in April, the government said Tuesday. That’s nearly double the number of people who quit one year earlier.
The crypto market fell on Tuesday, with Bitcoin falling to as low as $31,000. The IRS said it wants to bolster its crypto tax collection efforts.
What Else?
This Week
Monday: Earnings expected from Stitch Fix and Vail Resorts.
Tuesday: Earnings expected from Casey’s General Stores and Thor Industries.
Wednesday: Earnings expected from Campbell Soup and GameStop.
Thursday: Earnings expected from Chewy and Signet Jewelers; Weekly jobless claims.
Friday: Consumer sentiment index.