Equities started off strong Monday morning, largely paring losses from the prior session, before closing mostly lower.
US stocks inched higher Monday, led by big tech, extending gains from last week’s highs as investors await the biggest week of earnings season.
Twitter, which reported higher-than-expected earnings, benchmarked their biggest revenue growth in over five years.
Equities advance amid wide-spread internet outages, rising initial jobless claims data and higher-than-normal existing home sales.
Signals of further institutional adoption could have triggered crypto’s early morning rally, when bitcoin jumped over 10%.
Stocks rebounded after Monday’s steep sell-off. Bitcoin falls after another crypto regulatory clampdown.
However, stocks less impacted by lockdown restrictions made decent gains, Etsy, the online craft marketplace, jumped 7% intraday.
Despite a decent start in earnings season, the Dow Jones Industrial Average broke a multi-week string of gains, shedding 0.5%.
Weary investors speculate sustainability of economic growth while Fed chair insists that high inflation is temporary.
Bitcoin and ether traded higher after chairman Powell said that having a Fed-issued digital currency would be more feasible than several cryptocurrencies in a congressional hearing.