Good afternoon.
Markets are rallying in May, the Nasdaq hits a record high, and meme stock mania is back.
Let's dive in.
Markets
Here are today's market moves:
What's Happening
The stock market is rallying in May after pulling back last month.
The S&P 500 has climbed 4.19% this month, trading near a record high:
Investors have grown more confident that the Fed will start cutting rates this year.
The crypto market is relatively stable this month, with Bitcoin trading near $60,000.
Catch Up
The Nasdaq closed at a record high today.
GameStop shares surge 180% as meme stock mania returns.
Jim Simons, founder of the hedge fund Renaissance Technologies, dies at 86.
What Else?
