Investors returned to risk, driving the Nasdaq to a record closing high and bitcoin back to the $50,000 mark in intraday trading
Trillium nearly triples on Pfizer's $2.26 bln dealIndexes jump: Dow 0.80%, S&P 1.01%, Nasdaq 1.50%
"That tells me the fundamentals are in place," Cardillo added. "There’s worries out there, but it’s hard to keep this market down." Spiking COVID-19 infections caused by the highly contagious Delta variant have fueled concerns over a protracted recovery from the global health crisis. Market participants look to the Jackson Hole Symposium, due to convene in Wyoming later this week. The comments of Fed Chairman Jerome Powell will be closely parsed for clues regarding the central bank's policy-tightening timeline.
General Motors Co fell 1.3% following its announcement that it would take a $1 billion hit to expand the recall of its Chevrolet Bolt electric vehicles.
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