Good afternoon.
Markets climb, the Fed holds interest rates steady, and Reddit is going public with a $6.4B valuation.
Let's dive in.
Markets
Here are today's market moves:
What's Happening
U.S. stocks climbed on Wednesday after the Fed held interest rates steady.
The S&P 500 climbed above 5200 for the first time – its 19th record close this year.
Markets rallied after the Fed kept rates unchanged and indicated three rate cuts this year.
The crypto market has surged in 2024. Bitcoin hit $73,000 last week, a record high.
Catch Up
Reddit is going public on Thursday with a valuation of $6.4 billion.
The S&P 500, Nasdaq, and Dow Jones all notched record highs today.
BlackRock, the world's largest asset manager, is launching a tokenized asset fund.