Good evening.
The Dow passes 36,000, the crypto market is gaining strength, and Bill Gates made a $900 billion mistake.
Let’s dive in.
Markets
Here are today’s market moves:
What Happened?
U.S. stocks climbed on Tuesday, with all three major indexes finishing at records for the third straight day.
The Dow Jones closed above 36,000 for the first time ever.
Helping stocks advance higher is better-than-expected earnings and investor optimism about a year-end rally.
On Wednesday, the U.S. Federal Reserve is expected to begin winding down its asset-buying program but leave interest rates unchanged.
The crypto market climbed on Tuesday, with bitcoin trading near $63k and Ether passing $4,500 for the first time.
Catch Up
Zillow to stop flipping homes after losing hundreds of millions of dollars.
Facebook plans to shut down its facial recognition system, citing societal concerns.
Around half of S&P 500 companies have posted results so far, and 80% of them have beaten expectations.