Good evening.
Stocks take a dip, Americans are spending more than ever before, and Staples Center rebrands to Crypto.com Arena.
Let’s dive in.
Markets
Here are today’s market moves:
What Happened?
U.S. stocks fell on Wednesday after earnings from big retailers, but are still higher for the week.
Stocks have reached record highs in recent weeks amid strong earnings reports from the largest companies.
Investors believe stocks will continue to rally through the busy holiday season.
Data shows Americans are spending more on goods than ever before, despite rising inflation.
The crypto market was mostly muted on Wednesday, with Bitcoin stabilizing near $60,000.
Catch Up
16% of Americans say they have invested in, traded or used cryptocurrency.
Major apps like Spotify, Snapchat, and Discord were temporarily down on Tuesday due to a Google Cloud outage.
The Staples Center in Los Angeles said it would rebrand as Crypto.com Arena, in a 20-year deal.