Hello there.
Stocks and crypto climb, Amazon Web Services goes down, and Elon Musk says civilization could 'crumble.'
Let’s dive in.
Markets
Here are today’s market moves:
What Happened?
U.S. stocks climbed Tuesday on hopes that Omicron would cause less damage to the economy than feared.
The S&P 500 is now just 1% away from a new record.
Investors are hoping for a Santa rally, the tendency for the stock market to rally over the last weeks of December into the new year.
Data shows that the S&P and Dow historically have risen in December more often than in any other month.
The crypto market climbed on Tuesday, with Bitcoin trading near $51k, after falling to extreme oversold levels in recent days.
Catch Up
Amazon Web Services (AWS) suffered a major outage on Tuesday, bringing down sites like Coinbase and Robinhood.
Half of this year’s major IPOs are trading below their listing price.
Elon Musk says 'civilization is going to crumble' if people don’t have more children.