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Record Highs and Upcoming Fed Decision
Here’s a brief summary of the stock market today:
Asian Stocks: Asian stocks fell after Sunday’s election in France left the National Assembly without a majority for any political group. The CAC-40 index of large companies dropped 0.4% shortly after opening.
U.S. Stocks: U.S. stocks had risen to more records on Friday, boosted by a highly anticipated report on the job market. The S&P 500 climbed 0.5% to an all-time high for a third straight day. The Dow Jones Industrial Average rose 0.2%, and the Nasdaq composite added 0.9%.
Bond Market: Treasury yields sank following the U.S. jobs report.
Keep an eye on the upcoming week, which includes the Fed’s latest rate decision and May’s consumer price index.
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