Good evening.
Markets rebound, Bitcoin surpasses $44k, and mortgage rates hit their highest level in 3 years.
Let's dive in.
Markets
Here are today's market moves:
What Happened?
U.S. stocks climbed on Thursday as world leaders met to respond to Russia's invasion of Ukraine.
Western leaders agreed to strengthen their forces in Eastern Europe, increase military aid to Ukraine and tighten sanctions on Russia.
The S&P 500 climbed 1.43% and the tech-heavy Nasdaq gained 1.93%, erasing losses from yesterday.
Despite geopolitical tensions and rising rates, the stock market is holding up fairly well. The S&P 500 is down just 5.2% this year.
The crypto market climbed on Thursday, with bitcoin topping $44k, as cryptocurrencies moved higher with stocks.
Catch Up
President Biden says U.S. would 'respond' to Russia if Putin uses chemical or biological weapons.
Spotify, Airbnb, and payments giant Stripe are exploring Web3.
The S&P 500 has closed up more than 1% in 6 out of the last 8 trading days.