Good evening.
Markets climb, Tesla sells most of its Bitcoin, and U.S. home prices hit a fresh record high.
Let's dive in.
Markets
Here are today's market moves:
What Happened?
U.S. stocks climbed on Wednesday as investors digested corporate earnings reports.
Q2 earnings results have held up so far, helping calm fears about an impending recession.
Sentiment on Wall Street remains at pessimistic levels, although the recent bounce gives investors hope that markets have found a bottom.
Tesla on Wednesday said it sold 75% of its Bitcoin, one year after investing in the digital asset:
The crypto market fell on Wednesday, with Bitcoin trading near $23,000, after the Tesla announcement.
Catch Up
U.S. home prices climbed to a record of $416,000 in June.
A judge granted Twitter's request to fast-track its lawsuit against Elon Musk to force him to buy the company.
BlackRock, the world's largest asset manager, lost an unprecedented $1.7T in the first half of the year.