7-26-21 MARKETS: YEAR-TO-DATE

 

MARKETS: YEAR-TO-DATE

Nasdaq 14,836.99 +15.12%

S&P 4,411.79 +17.46%

Dow 35,061.55 +14.56%

Bitcoin $38,124.56 +31.46%

10-Year 1.261% +34.2 bps

Ethereum $2,304.72 +212.38%

*Stock data as of market close, cryptocurrency data as of 11:00pm ET. Here's what these numbers mean.

Markets: Stocks begin the week at all-time highs, propelled by a wave of fantastic earnings reports. And crypto surged last night, extending a winning streak that began when boosters Elon Musk, Jack Dorsey, and Cathie Wood endorsed cryptocurrencies at a conference last Wednesday. Covid: With the US facing yet another wave of Covid-19 infections, Dr. Fauci said the country was going in the “wrong direction” in battling the pandemic. He also said booster shots may be needed for the most vulnerable and that the CDC is considering revising its relaxed mask guidelines in light of the Delta variant’s spread.  Earnings: More than a third of S&P 500 companies will report their Q2 results this week, including Tesla, Facebook, Amazon, Microsoft, Alphabet, McDonald’s, Starbucks, and Boeing. Q2 earnings are projected to have increased 74% annually, the biggest rise since Q4 2009.  Fed meeting: The central bank surprised the business world last meeting when it said it would hike interest rates by 2023. Will we get some information on its bond-buying program this time around? Tune in Wednesday.   Economic data: GDP for the second quarter will drop on Thursday. It’s expected to show the US at peak growth—9.7%.