S&P 500 NOTCHES ANOTHER RECORD, DOW BREACHES 38,000 FOR FIRST TIME
US stocks edged higher on Monday, with the S&P 500 and Dow notching another record high close, as investors became more upbeat about the health of the economy and looked to coming earnings for signs of an AI boom for techs.
The S&P 500 (^GSPC) gained 0.2% after the index notched its first record close since January 2022 on Friday. The Dow Jones Industrial Average (^DJI) rose 0.4% to close above the 38,000 level for the first time ever. Stocks in the tech-heavy Nasdaq (^IXIC) jumped 0.3%.
Source: Yahoo Finance
BITCOIN HAS DROPPED ABOUT 20% SINCE LANDMARK US SPOT ETFS BEGAN TRADING
Bitcoin has fallen almost 20% since the Jan. 11 launch of the first exchange-traded funds investing directly in the token as speculators become more cautious about the potential impact of the products.
The digital asset spiked to $49,021 on the day the ETFs from issuers including BlackRock Inc. and Fidelity Investments went live. Bitcoin traded at $39,990 as of 6:03 a.m. Tuesday in London, an 18% drop from that intraday peak.
Source: Bloomberg
US DOLLAR FLAT AS JAPAN, EUROPEAN POLICY MEETINGS LOOM
The U.S. dollar was little changed to modestly higher against a basket of currencies on Monday ahead of central bank policy decisions in Japan and the euro zone that may determine the currency's direction this year.
Japan's yen moved away from Friday's 148.80 per U.S. dollar, its weakest in a month, and rose to as high as 147.61, as the BOJ started its two-day policy meeting. The dollar was last down 0.1% against the Japanese currency at 148.06 yen.
Source: Reuters