Markets
Here are today’s market moves:
S&P 500 down 0.87% to 4,152.10
Dow Jones down 1.36% to 34,269.16
Nasdaq down 0.09% to 13,389.43
Bitcoin: $57,065
US10Y: 1.629%
What Happened?
The S&P 500 and Dow Jones continued their decline on Tuesday as a selloff in tech spread to other sectors of the market.
The main concern among investors right now is rising inflation as prices seem to be on the rise for consumer goods.
The White House said that it takes the possibility of inflation seriously.
The Federal Reserve said Tuesday that the central bank remains far from achieving its inflation and employment goals and that it will continue to support the economy.
Value of $1,000 invested 1 year ago:
- S&P 500: $1,440
- Bitcoin: $5,870
- Ethereum: $17,186
- Doge: $274,550
What Else?
This Week
Monday: Earnings expected from Virgin Galactic and Tyson Foods.
Tuesday: Earnings expected from EA, Palantir, and Roblox.
Wednesday: Earnings expected from Bumble, Lemonade, and Toyota.
Thursday: Earnings expected from Airbnb, Disney, and Coinbase.
Friday: Earnings expected from Honda.