S&P 500, Nasdaq close at records as investors shrug off inflation concerns
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Summary
"Given the lack of evidence of rampant, widespread inflation, we remain confident in the Fed's ability to stay on-message, even if discussions of tapering come a few quarters earlier than originally expected."Elsewhere in markets, Lumber prices fell as much as 6% on Monday to briefly trade below $1,000 per thousand board feet for the first time since late March.Bitcoin rose above $40,000 after Elon Musk suggested Tesla would accept payment in cryptocurrency once mining can be done using cleaner energy.West Texas Intermediate crude gained as much as 1.2%, to $71.78 per barrel.
As said here by Emily Graffeo