Good evening.
Stocks slide while crypto climbs, CPI report comes out this week, and Bored Ape Yacht Club could be worth $5 billion.
Let’s dive in.
Markets
Here are today’s market moves:
What Happened?
U.S. stocks fell on Monday to start the week.
Stock indexes wavered through the day before turning negative in the afternoon.
Investors are waiting for the January inflation report, which drops on Thursday. Inflation is projected to have jumped 7.3% over the past year, a multi-decade high.
The report will help determine how aggressively the Fed plans to raise rates next month.
The crypto market climbed on Monday, with Bitcoin trading near $44,000, as prices begin to recover after a rough start to the year.
Catch Up
Andreessen Horowitz is reportedly looking to invest in Bored Ape Yacht Club at a $5B valuation.
Some companies are paying a record $7 million for a 30-second Super Bowl ad this year.
Peloton surges on reports of buyout interest from Amazon and Nike.