Good evening.
Stocks and cryptocurrencies rebound, Apple revenue hits a record $124B, and is it time to buy the dip?
Let’s dive in.
Markets
Here are today’s market moves:
What Happened?
U.S. stocks climbed on Friday, buoyed by strong earnings from Apple and other big companies.
The Dow and S&P ended the week with gains of 1.3% and 0.8%, respectively, while the Nasdaq was roughly flat for the week.
The U.S. stock market has been on a rollercoaster this month as investors prepare for the Fed to raise rates and withdraw its easy-money policies.
Some investors are taking advantage of the pullback to buy the dip, while others believe we’re in the early stages of a deep bear market.
The crypto market climbed on Friday, with Bitcoin trading near $38k, as price moves toward the $40k resistance level.
Catch Up
The U.S. housing market gained nearly $10 trillion in value during the pandemic.
Apple’s revenue hit a record $123.9B in the fourth quarter of 2021 despite supply issues.
44% of Nasdaq stocks have been cut in half from their highs.