Good afternoon. Markets rise, Bitcoin climbs above $30,000, and the tech-heavy Nasdaq enters a bull market.
Let's dive in.
Markets
Here are today's market moves:
What Happened?
U.S. stocks climbed on Thursday after inflation eased in March to its lowest level in nearly two years.
The Nasdaq is up more than 20% from its December low, putting it in a technical bull market:
Investors are betting that the Federal Reserve will soon pause its rate hikes as signs of easing inflation emerge.
The crypto market climbed on Thursday. Bitcoin, the world's largest crypto, climbed above $30K to hit its highest level in 10 months.
Catch Up
The S&P 500 has rebounded by 7.4% since the collapse of Silicon Valley Bank last month.
U.S. inflation eased to 5% in March, its lowest level in nearly two years.
Roughly half of VC-backed companies are on pace to run out of cash in the second half of 2023.
What Else?
