Good evening.
Stocks hit fresh records, Bitcoin falls below $60k, and a group of crypto investors tried to buy the U.S. Constitution.
Let’s dive in.
Markets
Here are today’s market moves:
What Happened?
U.S. stocks climbed on Thursday, with both the S&P 500 and Nasdaq hitting fresh records.
The S&P 500 hit its 66th record close of the year.
Why? Unemployment data showed the labor market is continuing to recover to pre-pandemic levels.
Investors are optimistic about a year-end rally as November through January is usually the strongest period of the year for the stock market.
The crypto market fell on Thursday, with Bitcoin trading near $57k, as buyers appear to be taking some profits.
Catch Up
Drug overdose deaths reached record high as the pandemic spread.
A group of crypto investors, called ConstitutionDAO, failed to buy the U.S. Constitution at a Sotheby’s auction.
U.S. gas prices are up 60% in the last year, hitting a seven-year high.