Good evening.
Market volatility continues, crypto market wipes out $1.2 trillion, and the Fed’s first meeting of 2022 kicks off tomorrow.
Let’s dive in.
Markets
Here are today’s market moves:
What Happened?
U.S. stocks climbed on Monday after after a massive late rally helped stock indexes reverse earlier losses.
Markets are off to a rough start in 2022. Last week, the S&P 500 and Nasdaq suffered their worst week since March 2020.
The question for investors now is whether the recent selloff is just a blip or the start of a much deeper selloff.
The week ahead, which features a Fed meeting and earnings reports from major companies, will help decide where markets go from here.
The crypto market rebounded on Monday, with Bitcoin trading near $37k, after falling to a seven-month low in the morning.
Catch Up
$1.26 trillion has been wiped off cryptocurrencies’ market value since Bitcoin’s peak in November.
The Nasdaq finished in positive territory today after being down nearly 5% earlier in the day – the sharpest rebound since Oct. 10, 2008.
U.S. orders 8,500 troops on heightened alert amid fears of a possible Russian invasion of Ukraine.