Markets
Here are today’s market moves:
What Happened?
The S&P 500 and Dow Jones closed at record highs for a third straight day on Thursday, after unemployment claims last week fell near a pandemic low.
Also driving markets are a combination of earnings trending higher, interest rates being low and inflation remaining moderate.
Trading volume as well as volatility has declined this month, typical in the month of August as Wall Street goes on vacation.
Consumer sentiment data will be released tomorrow, giving more insight into how consumers feel about the economy.
The crypto market fell on Thursday, with Bitcoin trading near $44k, as the market takes a breather after a week of positive price movement.
What Else?
#Bitcoin doesn't require a bank or military to protect it.
It instead runs this SHA-256 hash function 100,000,000,000,000,000,000 times per second to secure digital property rights of 7.6 billion people.
AOC just angry because all her stock picks underperform the market
Alexandria Ocasio-Cortez @AOC
After a 72% decline, the price of Lumber is now down 31% on the year. It was up over 130% in early May.