Good evening.
S&P 500 posts 70th record high, Bitcoin falls ahead of options expiry, and jury finds Ghislaine Maxwell guilty.
Let’s dive in.
Markets
Here are today’s market moves:
What Happened?
U.S. stocks climbed on Wednesday, with just two trading days left in 2021.
The S&P 500 and Dow Jones climbed to fresh record highs.
70: That’s the number of record highs the S&P has had this year.
Heading into 2022, investors have reasons to be optimistic, with the stock market in a strong position and a continued economic recovery ahead.
The crypto market fell on Wednesday, with Bitcoin trading near $47k, as options contracts worth $6B are set to expire on Friday.
Catch Up
U.S. reports more than 441,000 new Covid-19 cases, the highest single-day increase during the entire pandemic.
Two-thirds of 2021 IPOs now sit below their offer prices.
Jury finds Ghislaine Maxwell, longtime partner of Jeffrey Epstein, guilty on 5 of 6 charges in sex trafficking trial.