The Dow Jones Industrial Average climbed 0.69%, while the S&P 500 edged down 0.11%, and the Nasdaq Composite shed 1.5%. The buoyancy in the Dow was mirrored in stock markets elsewhere, with Europe's STOXX 600 index also inching up to an all-time high, as mining stocks leapt on record copper prices. By midday, the dollar index had pared earlier losses but still held at a 2-1/2-month low of 90.153. The focus now shifts to US consumer price data due on Wednesday, which will help investors determine whether they need to scale back their inflation expectations even further. In the cryptocurrency market, ether rose to a fresh record above US$4,000 and was last up 6.3%.

Source: The Edge Markets May 10, 2021 18:22 UTC