New Dow record just short of 35000
Dow Jones Industrial Average on Monday closed just shy of 35000 after gaining 126 on the day.
Earnings report
Second quarter earnings season kicks off this week with earnings from two big banks, along with some other companies. Pepsi co. came up with earning beat. Banks are expected to release stellar results too.
Inflation
The market will also be watching a key inflation report due today at 13:30 (BST) with the release of June’s Consumer Price Index (CPI).
CPI is expected to increase 0.5% on the month and 5% for the year according to analysts.
The 10 year Treasury yield was flat ahead of the report.
S&P 500 and Nasdaq both set new records
S&P 500 closed at a new record high of: 4385
The Nasdaq closed at a new record high of: 14733
Are U.S. indices set to march ever higher this week as earnings data is released?