The S&P 500 closed at a record high on Monday as investors anticipate a flood of first quarter earnings that are set to be released this week, with more than a third of the S&P 500 reporting earnings. The Nasdaq 100 was up as much as 1%, just below record-highs.
Here’s where US indexes stood at the 4:00 p.m. ET close on Monday:
With Tesla set to report its first-quarter earnings after the close on Monday,here’s what four Wall Street analysts expect to see from the electric vehicle manufacturer’s report.
MicroVision soared as much as 32% after the stock became the most mentioned name on Reddit’s WallStreetBets forum in a 24-hour period.
Copper prices soared on Monday, hitting their highest levels since 2011 as increasing demand to fuel a green-energy future outstrips supply, which has been rattled by the COVID-19 pandemic.
Another commodity that continues to surge is lumber, which is up 325% over the past year. That price increase has helped push new-home prices up by $24,000 on average.
Bitcoin staged a deep correction over the weekend, falling below the $50,000 level for the first time in months. But buyers stepped in on Monday, pushing bitcoin up by more than 10% to $53,000.
Gold jumped 0.16%, to $1,780.80 per ounce.