Good afternoon.
Markets slip to start 2023, Bitcoin turns 14 years old today, and Elon Musk becomes the first person ever to lose $200 billion.
Let's dive in.
Markets
Here are today's market moves:
What Happened?
U.S. stocks fell on Tuesday, kicking off 2023 on a downbeat note.
The stock market finished last year down 20%, its worst year since the 2008 financial crisis:
High inflation and rising interest rates were the main contributors to 2022's market turmoil. Investors are hoping for a brighter 2023.
The crypto market fell on Tuesday, moving lower with stocks. Bitcoin, the world's largest cryptocurrency, turned 14 years old today.
Catch Up
Exactly one year ago – Jan. 3, 2022 – the S&P 500 hit a record closing high of nearly 4,800.
Elon Musk becomes the first person in history to lose $200 billion as Tesla stock continues to tumble.
Apple's market cap dropped below $2T today for the first time since March 2021.
