Here are some key events to watch this week:
Fed Chair Jerome Powell holds a press conference Wednesday following the Fed meeting
Joe Biden makes his first address as president to a joint session of Congress Wednesday
U.S. GDP is forecast to show growth strengthened in the first quarter, bolstered by government stimulus Thursday
For live updates and commentary on the markets see the MLIV blog.
These are some of the main moves in markets:
Stocks
The S&P 500 was little changed as of 4:01 p.m. New York time
The Nasdaq 100 fell 0.4%
The Dow Jones Industrial Average was little changed
The MSCI Emerging Markets Index was little changed
Currencies
The Bloomberg Dollar Spot Index rose 0.2%
The euro was little changed at $1.2089
The British pound was little changed at $1.3906
The Japanese yen fell 0.6% to 108.74 per dollar
Bonds
The yield on 10-year Treasuries advanced six basis points to 1.62%
Germany’s 10-year yield was little changed at -0.25%
Britain’s 10-year yield advanced two basis points to 0.77%
Commodities
West Texas Intermediate crude rose 2.1% to $63 a barrel
Gold futures fell 0.3% to $1,776 an ounce
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