Good afternoon.
Markets rebound, Bitcoin bounces around $24,000, and Jamie Dimon says the U.S. economy faces "scary stuff" ahead.
Let's dive in.
Markets
Here are today's market moves:
What Happened?
U.S. stocks climbed on Thursday, snapping a four-day losing streak.
Worries about rising interest rates have driven a volatile month for markets and put a dent in the rally that kicked off 2023.
The S&P 500 is up 4.92% this year, down from a high of nearly 10%:
The crypto market was flat on Thursday, with Bitcoin trading near $24,000. Last week, the world's largest crypto touched an eight-month high.
Catch Up
McKinsey plans to eliminate about 2,000 jobs, one of the consulting giant’s biggest cuts ever.
Jamie Dimon says the U.S. economy faces "scary stuff" ahead, citing obstacles such as the Fed and "Russia, Ukraine, oil, trade, China."
The U.S. housing market declined by $2.3 trillion in the second half of 2022, the largest drop since 2008.
What Else?
