Good evening.
Stocks fall, workers are quitting their jobs at a record pace, and Bitcoin is in “extreme greed” territory.
Let’s dive in.
Markets
Here are today’s market moves:
What Happened?
U.S. stocks fell for a third straight day on Tuesday ahead of the start of third-quarter earnings season.
Some of the biggest financial firms, including BlackRock and JPMorgan, will announce their earnings results on Wednesday.
Investors are looking for clues on how companies are dealing with price increases.
Prices from food to medicine to vehicles have risen world-wide, threatening the global recovery.
On Tuesday, the IMF (International Monetary Fund) lowered its 2021 growth forecast for the world economy.
The crypto market fell on Tuesday, with Bitcoin trading near $56k, as the Bitcoin fear and greed index currently sits in “extreme greed” territory:
Catch Up
Record high 4.3 million Americans quit their jobs in August.
Bitcoin has surged 30% this month to hit its highest level since May.
Earnings per share for S&P 500 companies are forecast to grow 25% in the third quarter.