"Market Insights: Key Factors for Monday's Trading"

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Source: CNBC
"Market Insights: Key Factors for Monday's Trading"
Photo: CNBC
TL;DR Summary

The stock market took a breather last week, with all three major U.S. averages dipping, while investors await signals on the Federal Reserve's policy plans and upcoming inflation data. Bitcoin reached a record high, surpassing $71,000, following the U.K.'s move to allow trading of cryptocurrency-related exchange-traded products. President Biden's 2025 budget proposal includes tax hikes on corporations and the wealthy. Reddit aims to raise $748 million in its upcoming IPO, seeking a valuation of about $6.5 billion. "Oppenheimer" dominated the 96th Academy Awards, winning seven awards, including best picture and best director.

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