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Stock ETFs Inch Higher as Investors Await a Busy Earnings Week

Stock ETFs Inch Higher as Investors Await a Busy Earnings Week April 26, 2021 Stocks and index ETFs inched higher on Monday, as investors prepared for a cluster of corporate earnings and Federal Reserve meeting comments. The Dow Jones Industrial Average traded slightly above breakeven, while the S&P 500 limped another 0.2% higher. Meanwhile, the Nasdaq Composite advanced 0.6%. Major stock ETFs are attempting to add to recent gains too. The  There are a plethora of potential market movers this week, as investors and traders are awaiting a packed earnings schedule, an FOMC meeting, the revealing of President Biden’s “American Families Plan,” and additional inflation data.

Metal Boom: Copper Hits 10-Year High Amid Supply Constraints And Infrastructure Plans

by Tyler Durden Monday, Apr 26, 2021 - 09:44 AM Copper futures hit their highest levels in ten years on Monday as several factors, including supply concerns, a weaker dollar, the Biden administration s plan to improve infrastructure, growth in renewable energy, and China s increasing demand, continue to fuel expectations of higher demand for the industrial metal. The dollar continues to edge lower Monday amid speculation Federal Reserve Chairman Jerome Powell will not announce tapering at this week s meeting, fueling higher copper prices.  Meanwhile, traders are concerned about supply due to a strike in Chile.  We are in for a good run higher as we are having supply issues. Chilean port workers threatening to strike, which is a short-term issue, but will cause some trouble for shipments into China in an already tight concentrate market, commodities broker Anna Stablum of Marex Spectron told Reuters. 

26Apr2021 Midday Update: Durable Goods New Orders Improved In March 2021, Oil Recovers Fractionally, WTI 61 88, DOW Up 21 Points At 12:30 ET, Nasdaq Up +0 5%, Bitcoin Down Again 53700

26Apr2021 Midday Update: Durable Goods New Orders Improved In March 2021, Oil Recovers Fractionally, WTI 61 88, DOW Up 21 Points At 12:30 ET, Nasdaq Up +0 5%, Bitcoin Down Again 53700
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