Good afternoon.
Markets are surging in 2024, Bitcoin climbs above $57k, and Nvidia hits a $2 trillion market cap.
Let's dive in.
Markets
Here are today's market moves:
What's Happening
The U.S. stock market is surging in 2024, shrugging off recession fears.
The S&P 500 is up 6.5% this year, trading at a record high:
Why are markets climbing? A combination of: strong Q4 earnings, rate cut hopes, and excitement around artificial intelligence.
The crypto market is also climbing, with Bitcoin hitting $57,000, its highest level since 2021.
Catch Up
Nvidia is now the third largest U.S. company, hitting a $2T market cap.
Berkshire Hathaway is sitting on a record $168 billion cash pile.
Nasdaq nears record. The tech-heavy Nasdaq is 0.1% away from a record high.