Good evening.
Stocks retreat from records, Biden signs $1 trillion infrastructure bill, and Elon Musk and Bernie Sanders battle it out.
Let’s dive in.
Markets
Here are today’s market moves:
What Happened?
U.S. stocks fell on Monday as investors remain focused on rising inflation.
U.S. consumer prices jumped 6.2% in October, the most since 1990.
Nevertheless, stocks still remain near records and small pullbacks can be normal and even healthy.
President Biden signed his $1.2 trillion infrastructure bill into law on Monday, which aims to revitalize the country’s roads, bridges, waterways and public transit.
The cryptocurrency market fell on Monday, with Bitcoin near $64k, as investor enthusiasm about the Taproot upgrade started to fade.
Catch Up
US holiday spending is expected to reach a record $800 billion this season.
The Trump Organization is selling the rights to the family’s hotel in Washington, DC, to an investment firm for $375 million.
Elon Musk offered to sell more of his Tesla stock while arguing with Bernie Sanders on Twitter.