Good evening.
Stocks climb to start 2022, Apple touches $3T market cap, and Bitcoin turns 13 years old.
Let’s dive in.
Markets
Here are today’s market moves:
What Happened?
U.S. stocks climbed higher on Monday, the first trading day of 2022.
Apple briefly hit a market cap of $3T – the first company in history to reach that milestone.
Investors are hoping for a January effect, the tendency for markets to rise more than usual in the first month of the year.
Some investors are taking a more cautious approach this year, weighing concerns such as inflation, interest rate hikes, and Omicron.
The crypto market fell on Monday, with bitcoin trading near $46k, as sentiment waned despite bitcoin marking its 13th birthday.
Catch Up
The S&P 500 and Dow Jones hit record highs on the first trading day of 2022.
NFT sales reached $23B in 2021, surging 7x from 2020.
Nearly 75% of employees want to continue hybrid or remote work, and 1 in 4 say they’d quit if they had to return full-time.