Good evening.
Markets rally, Jamie Dimon says there is a 'hurricane' coming for the U.S. economy, and the first-ever crypto insider trading case.
Let's dive in.
Markets
Here are today's market moves:
What Happened?
U.S. stocks climbed on Thursday, with major indexes on track to end the week in positive territory.
Tech stocks led the rally, with the Nasdaq Composite up nearly 3%:
Investors are questioning whether the recent rally is the start of a more sustainable rebound or just a break from this year's selling pressure.
The crypto market climbed on Thursday, with Bitcoin approaching $31,000. Cryptocurrencies have been struggling ever since Luna crashed in early May.
Catch Up
JPMorgan CEO Jamie Dimon says there is a 'hurricane' coming for the U.S. economy caused by the Fed and the war in Ukraine.
Nate Chastain, the former head of product at OpenSea, was charged with insider trading, the first such case involving digital assets.
IPO slowdown. No companies went public in the U.S. last week for the first week in more than two years.