Good evening.
Stocks recover, Square changes its name to Block, and data shows December is a bullish month.
Let’s dive in.
Markets
Here are today’s market moves:
What Happened?
U.S. stocks climbed on Thursday despite uncertainty about the Omicron variant's potential impact on the economy.
Markets have bounced around this week in reaction to news about the pandemic.
Investors who believe that Omicron fears are overblown seem to be buying the dip.
According to data going back to 1928, December tends to be a good month, with the stock market rising 75% of the time.
The crypto market was flat on Thursday, with Bitcoin trading near $57k, as price stabilizes below the key $60k level.
Catch Up
Square changes its name to ‘Block’ to reflect its expansion into blockchain.
Democrats and Republicans reached an agreement to extend government funding and avoid a shutdown.
The Biden administration says you don’t have to change holiday plans due to Omicron if you’re vaccinated.