US equities kicked off the week essentially unchanged following a choppy day of trade, with the solar eclipse offering a distraction leading into a busy week including CPI and the start of first-quarter earnings.
All three major indices ended near flat, the Dow closed down 11 points (-0.03%). Up 109 points at best, down 46 points at worst. The S&P 500 eased 0.04% while the NASDAQ edged up 0.03%. US 10Y treasury yields rose to their highest level since November coming within striking distance of the 4.5% level in the wake of Friday’s blowout employment report. Mega cap stocks were mixed,
Tesla jumped 4.9% after Musk said the company would unveil its self-driving Robotaxi, Nvidia eased 1.0%, while cryptocurrency-related stocks outperformed tracking bitcoin +3.64% prices Coinbase +6.7% and MicroStrategy +5.1%.
ASX to rise. SPI Futures up 36 points (+0.46%).
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