• US Equities extended their surge, as strong corporate reports served to offset fears about rising inflation.
  • The S&P 500 jumped 0.7% after profits at travelers companies and Johnson & Johnson beat expectations, while shares of Procter & Gamble were knocked down by rising commodity and freight costs.
  • Bitcoin reached a new high, and the first futures exchange-traded fund was formed, boosting crypto stocks.
  • As the market grapples with the potential of tighter monetary policy despite rising prices, the fifth day of advances pushes the benchmark index within half a percent of an all-time high. The dollar fell against a basket of major currencies as traders increased their wagers that central banks across the world would raise interest rates ahead of the Federal Reserve.
  • Meanwhile, global bond yields were uneven, with the 10-year Treasury yield rising to 1.6%.
    Investors are watching earnings season closely to see how increasing energy and raw material costs are influencing profit margins. In a tumultuous afternoon, crude oil rose in New York after
  • Russia said it might not offer Europe more natural gas until the Nord Stream 2 pipeline is approved. Base metals, meanwhile, took a break from the rush to new highs.
  • The Fed's bond-buying program, according to Waller, should start tapering next month. However, he warned that interest rate hikes are still some time away. The remarks were the latest in a series of Fed officials' talks this week aimed at calming market jitters.
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