U.S. markets were higher amid growing confidence that companies can handle supply chain disruptions.
Strong corporate earnings boosted investor sentiment on Monday, coupled with expectations that the Federal Reserve will keep up its stimulus efforts.
The performance of major retail companies will be in focus this week. Walmart, Home Depot, Target and Macy’s all report earnings this week.
| Level | Chg. | Chg. % | |
| DOW | 36,110.00 | 109 | 0.30% |
| S&P 500 | 4,687.25 | 10.75 | 0.23% |
| Nasdaq | 16,224.50 | 207.25 | 1.29% |
U.S. Dollar and Treasuries
The yield on the 10-year Treasury fell slightly. The dollar remained stable against a basket of major currencies.
| Price | Chg. | Chg. % | |
| U.S. Dollar Index (DXY): | 95.06 | -0.07 | -0.07% |
| Yield | Change | Previous close | |
| U.S. 1 Year Treasury Bill | 0.165% | -0.003 | 0.168% |
| U.S. 5 Year Treasury Note | 1.211% | -0.018 | 1.229% |
| U.S. 10 Year Treasury Note | 1.555% | -0.011 | 1.566% |
Stocks To Watch
Shares of Tesla dropped as Elon Musk offered to sell more shares, in reply to a tweet by Bernie Sanders.
Boeing shares were up on news that China might remove its ban on the airplane 737 MAX. The company updated the display and the aviation control system of the aircraft, which reportedly satisfied China.
Paypal shares were higher after last week’s drop of more than 10% after its Q3 results. Many traders continue to be optimistic about the company’s business model. Moreover, retail traders took an interest in the stock.
| Symbol | Company Name | Price | Chg. % | |
| TSLA | Tesla Inc. | $992.35 | -3.88 | |
| PYPL | Paypal | $213.05 | +2.24% | |
| BA | Boeing Co. | $229.26 | +3.82% | |
Oil dropped on fears of a supply boost, coupled with weaker demand. Investors are speculating that the U.S. might release some strategic reserves to cool prices. Gold dropped on heightened risk appetite.
| Resource | Price | Chg. % |
| WTI Crude Oil | $79.65 | -2.38% |
| Brent Crude Oil | $80.95 | -2.32% |
| Natural Gas | $4.74 | -0.98% |
| Gold | $1,864.00 | -0.24% |
| Silver | $25.23 | -0.46% |
| Copper | $4.44 | -0.21% |
Crypto
The global crypto market cap is $2.87T, a 2.06% increase over the last 24 hours. Bitcoin’s dominance is currently 43.23%, an increase of 0.05% in the same period.
| Currency | Symbol | Price | Chg. % | Market Cap. |
| Bitcoin | BTC | $65,759.01 | +1.78% | 1.24t |
| Etherium | ETH | $4,731.48 | +2.29% | 558.19b |
| Cardano | ADA | $2.06 | +0.83% | 64.21b |
| Ripple | XRP | $1.20 | +0.94% | 53.04b |
| Dogecoin | DOGE | $0.2585 | -0.95% | 34.16b |
