Good evening.
Stocks rally for sixth straight day, Bitcoin hits a new all time high, and Facebook is planning to change its name.
Let’s dive in.
Markets
Here are today’s market moves:
What Happened?
U.S. stocks climbed on Wednesday, with the S&P 500 and Dow Jones finishing near record highs.
Stocks have gained the past few days on strong earnings reports.
Problems like higher prices for raw materials and labor shortages haven’t eaten much into profits.
Overall, the fourth quarter is looking strong so far.
The crypto market gained on Wednesday, with Bitcoin trading near $66k, a new record high. The cryptocurrency has climbed more than 50% this month.
Catch Up
Facebook reportedly plans to change its company name to highlight its metaverse ambitions.
Paul Tudor Jones calls inflation “biggest threat” to markets and “society in general.”
Paypal is looking to acquire Pinterest in a $45 billion deal.