Good evening.
Stocks climb, Elon sells billions of Tesla stock, and Bitcoin pulls back from record $69,000.
Let’s dive in.
Markets
Here are today’s market moves:
What Happened?
U.S. stocks finished mostly higher on Thursday, rebounding from Wednesday’s slide.
Stocks fell yesterday after data showed inflation hit its highest level since 1990.
Nevertheless, stocks are sitting near record highs despite a small pullback this week.
The holidays tend to be a seasonally strong period for markets.
The crypto market was flat on Thursday, with bitcoin trading near $65k, after pulling back yesterday from a record $69k.
Catch Up
US household debt climbed to a record $15.24 trillion between July and September.
Elon Musk sells about $5 billion in Tesla stock.
Discord CEO says company has ‘no current plans’ for crypto integration.