Good afternoon.
Markets surged today, inflation cooled significantly in October, and the stock market is up 7.2% this month.
Let's dive in.
Markets
Here are today's market moves:
What's Happening
U.S. stocks surged on Tuesday after a cooler-than-expected inflation reading.
Nvidia stock hits a record high. Nvidia is up 247% in 2023, its best year since 2001:
November rally. The stock market is up 7.2% in November, its best month of 2023. Investors are positioning for a year-end rally.
The crypto market slipped on Tuesday. Bitcoin hit $38,000 last week, its highest level since May 2022.
Catch Up
This month marks the one-year anniversary of OpenAI releasing ChatGPT.
US inflation fell more than expected to 3.2% last month, down from 3.7% in September.
The S&P 500 and Nasdaq are up 7.2% and 9.67%, respectively, in November.