Happy Friday.
Stocks climb to finish week, consumer sentiment falls, and a major Bitcoin upgrade is coming.
Let’s dive in.
Markets
Here are today’s market moves:
What Happened?
U.S. stocks climbed on Friday, led by technology stocks.
Stocks rose despite disappointing economic data, which showed consumer sentiment fell to a 10 year low.
Investors are confident that stocks will be able to rally through the end of the year.
The crypto market fell on Friday, with bitcoin trading near $64k.
A major upgrade to bitcoin, called Taproot, is coming in the next few days. This could help the price gain momentum.
Catch Up
Apple CEO Tim Cook says crypto is reasonable to own as part of a diversified portfolio.
The average U.S. home now sells one week after hitting the market.
Coinbase CEO says the NFT market could be bigger than the crypto trading business.