Markets
Here are today’s market moves:
S&P 500 up 1.22% to 4,112.50
Dow Jones up 1.29% to 34,021.45
Nasdaq up 0.72% to 13,124.99
Bitcoin: $50,087
US10Y: 1.664%
What Happened?
U.S. stocks rebounded on Thursday following a three-day sell-off. The S&P 500 rose 1.22%.
New claims for unemployment benefits fell to a pandemic low last week, a sign that the economy is recovering.
Investors have been concerned recently about signs of rising inflation, even though the Fed expects the rise to be transitory and wants to see more data before it begins to change its policies.
Disney reported mixed earnings results after market close, missing revenue expectations and adding fewer new subscribers than expected.
Crypto markets have been volatile since yesterday. Prices started to rebound today after Elon Musk tweeted that he is working with Doge developers to improve transaction efficiency.
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.