Stocks moved higher on Monday as investors awaited a slew of earnings results from the Big Tech companies,
as well as a myriad of other corporations across industries this week.
The Nasdaq gained, and shares of Tesla (TSLA) rallied to an all-time high with a market capitalization exceeding $1 trillion for the first time.
U.S. West Texas intermediate (CL=F) crude oil prices topped $85 per barrel, reaching the highest level since 2014.
The move tracked gains in Brent crude (BZ=F), the international benchmark,
which jumped above $86 per barrel for its highest level since 2018 after Saudi Arabia's energy minister suggested in a Bloomberg interview that oil producers exercise caution in boosting output despite fast-rising prices.
The benchmark 10-year Treasury yield hovered around 1.64%, or near its highest level since May, as inflation concerns remained front and center for investors amid rising energy and commodity prices and other price gains across the recovering economy. Last week, Federal Reserve Chair Jerome Powell said the elevated inflationary pressures spurred by supply chain constraints were "likely to last longer than previously expected, likely well into next year."
as well as a myriad of other corporations across industries this week.
The Nasdaq gained, and shares of Tesla (TSLA) rallied to an all-time high with a market capitalization exceeding $1 trillion for the first time.
U.S. West Texas intermediate (CL=F) crude oil prices topped $85 per barrel, reaching the highest level since 2014.
The move tracked gains in Brent crude (BZ=F), the international benchmark,
which jumped above $86 per barrel for its highest level since 2018 after Saudi Arabia's energy minister suggested in a Bloomberg interview that oil producers exercise caution in boosting output despite fast-rising prices.
The benchmark 10-year Treasury yield hovered around 1.64%, or near its highest level since May, as inflation concerns remained front and center for investors amid rising energy and commodity prices and other price gains across the recovering economy. Last week, Federal Reserve Chair Jerome Powell said the elevated inflationary pressures spurred by supply chain constraints were "likely to last longer than previously expected, likely well into next year."