Good afternoon.
Markets rally, the S&P 500 is having its best week of 2023, and FTX founder Sam Bankman-Fried is found guilty.
Let's dive in.
Markets
Here are today's market moves:
What's Happening
U.S. stocks rallied on Thursday after the Fed held rates steady yesterday.
The S&P 500 climbed 1.89% today, posting its best day since April:
Why are markets climbing? Investors are betting that the Federal Reserve's rate hikes could be over.
The crypto market slipped on Thursday. Bitcoin, the world's largest crypto, is trading near its highest level of 2023.
Catch Up
Sam Bankman-Fried was found guilty for his role in the collapse of crypto exchange FTX.
The Federal Reserve held interest rates at a 22-year high on Wednesday.
The S&P 500 is up 4.87% this week, on pace for its best week of 2023.
What Else?
