Happy Holidays.
S&P hits a new record, the Santa Rally is here, and 2022 is just a few days away.
Let’s dive in.
Markets
Here are today’s market moves:
What Happened?
U.S. stocks climbed on Monday to start the final week of 2021.
Stocks usually rise during the final days of the year, often called the 'Santa Rally.'
This time is no different. The S&P finished at a record high today.
Investors hope for a 'January effect,' the tendency for markets to rise more than usual in the first month of the year.
The crypto market was mixed on Monday, with Bitcoin briefly touching above $52k before falling back to $51k.
Catch Up
The world economy is set to surpass $100 trillion for the first time in 2022.
U.S. officials cut the number of days that they recommend people isolate after being infected with Covid-19 to five days from 10.
Apple nears $3 trillion market cap, a milestone that would make it as big as the world's fifth largest economy.