Markets
Here are yesterday’s market moves:
S&P 500 up 0.27% to 4,192.66
Dow Jones up 0.70% to 34,113.23
Nasdaq down 0.48% to 13,895.12
Bitcoin: $56,531
US10Y: 1.605%
Gold: $1,791
What Happened?
The S&P 500 climbed on Monday after closing April with the best one-month gain since November.
Investors are optimistic as a wide variety of economic indicators, such as GDP, consumer spending, and jobless claims, are showing signs of improvement.
In the first three months of the year, the economy grew at an annualized rate of 6.4 percent.
Earnings season has been going much better than expected, with most S&P 500 companies surpassing analysts’ profit expectations. Last week, Amazon, Apple, Google, Microsoft, and Tesla all reported Q1 profits that beat analyst expectations.
U.S. households increased their exposure to stocks to 41% of their total assets in the month of April – the highest level on record.
What Else?
This Week
Monday: Earnings expected from Estee Lauder and Lowes.
Tuesday: Earnings expected from CVS, Hyatt, Lyft, T-Mobile, and Under Armour.
Wednesday: Earnings expected from Etsy, GM, Paypal, and Uber.
Thursday: Earnings expected from GoPro, Penn National, Roku, and Square.
Friday: Earnings expected from DraftKings and Nikola.