U.S. stock indexes closed mostly lower Monday, pulling the Standard & Poor’s 500 index slightly below the all-time high it set last week, while nudging the Dow Jones industrial average to another record high.
Treasury yields rose. A widely followed measure of nervousness in the stock market, the VIX index, climbed 10.4%. The index remains close to its lowest level since the pandemic rocked markets a year ago. The market’s movements mark the latest ebb for Wall Street, which has been mostly climbing in a series of stops and starts. Supporting the market have been rising expectations that a supercharged economic recovery is on the way thanks to COVID-19 vaccinations, immense spending by the U.S. government and continued low rates from the Federal Reserve.
Several key reports on the economy are scheduled for this week, which could help show whether stocks deserve the lofty prices they’ve reached. Among the headliners is Friday’s jobs report, where economists expect to see a big acceleration in hiring.President Biden will give details Wednesday about his proposal to rebuild roads, bridges and other infrastructure.
aj not fin,not astma
People need a little more good news now.
Freakin bonds!