Good evening.
Market jitters continue, S&P suffers biggest decline since October 2020, and Coinbase breaks the internet with its Super Bowl ad.
Let’s dive in.
Markets
Here are today’s market moves:
What Happened?
U.S. stocks fell for a third straight day on Monday as investors assessed the situation in Ukraine and the possibility of interest rate hikes.
The S&P 500 just had its steepest three-day decline since October 2020.
Why is the market so jittery? The stimulus put in place to support the economy during the pandemic drove stock indexes to records.
Now, investors are concerned about what happens when that support is scaled back.
The crypto market climbed late Monday, with Bitcoin trading near $42.5k, as prices stabilize after falling sharply on Friday.
Catch Up
The Los Angeles Rams won the Super Bowl, defeating the Cincinnati Bengals, 23-20.
Coinbase received more than 20 million hits on its landing page within one minute after its Super Bowl ad.
Of the 358 companies in the S&P 500 that had reported earnings through Friday, 78% reported earnings that came in above expectations.