S&P 500 heads for record high, crypto market cap passes $2 tln

By Stephen Culp NEW YORK (Reuters) – U.S. stocks set a course for new record highs on Monday as blow-out economic data increased investor risk appetite while putting bonds under pressure on worries the Federal Reserve could start raising interest rates sooner than expected. Friday’s payrolls data, which showed 916,000 job added in March and the unemployment rate falling to 6%, driven by vaccine deployment and stimulus, marked the beginning of what could be the strongest yearly economic performance in decades. Further evidence of economic revival was provided by the Institute for Supply Managem…

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