First Full Week of Earnings Begins With Shock | Wall Street Today

As a general recap, the market climbed Monday, and the Dow Jones hit a fresh closing high above 40,211 after breaking intraday trading records investors watched for volatility Monday morning after shocking campaign violence over the weekend.

My name is Kevin Travers, and here are stories from the moomoo herd on Wall Street today.

This week will be a light one for macroeconomic news, with many Federal Reserve speakers, retail sales numbers on Tuesday, and Initial Jobless claims on Thursday.

Federal Reserve Chair Jerome Powell on Monday said he would not signal at what meeting the central bank might make the first cut to its benchmark interest rate, according to MarketWatch.

"Today, I am not going to be sending any signals, one way or the other, on any particular meeting. So, just to ruin the fun," Powell said.

The Fed has a meeting in late July and another in mid-September. Traders in derivative markets widely expect the central bank to wait until September to cut rates, but they were listening closely to Powell's remarks at the Economic Club of Washington, D.C., to learn if he was unhappy with the market's pricing.

Last week, investors saw lower CPI numbers by about 0.1% than last month, and Producer Price Index numbers came out Friday, showing core producer prices grew at a rate of 0.4%, more than last month. Consumer confidence indicators from the University of Michigan showed that consumer sentiment on the economy fell to an eight-month low.

Oil futures declined on Monday to tally back-to-back session losses as downbeat Chinese economic data underlined concerns about crude demand.

Comments from Federal Reserve Chair Jerome Powell failed to provide any support for oil, as Powell said he would not provide a signal on the possible timing of the first cut to the central bank's benchmark interest rate.

Bitcoin climbed 4% to $63k, up on Trump's volume. Gold climbed Monday while silver pulled back, and the U.S. 2-year fell while the U.S. 10 years climbed.