Investors are watching the upcoming corporate earnings season to justify the high valuations in the equities market.
Nevertheless, others anticipate rising inflation and an expanding economy will continue to support market growth.
“This inflation is quite healthy for U.S. equities, particularly some sectors like banks and financials,” Nandini Ramakrishnan, global market strategist at J.P. Morgan Asset Management, told the WSJ.
Meanwhile, U.S. Treasuries dipped lower while the U.S. dollar depreciated against other major currencies and gold rose to a five-week high.
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