Good evening.
S&P 500 hits a new record, Fed bans officials from trading stocks, and Elon Musk is tweeting about crypto again.
Let’s dive in.
Markets
Here are today’s market moves:
What Happened?
U.S. stocks climbed higher on Thursday, with the S&P 500 closing at a record high.
Data showed jobless claims fell to a new pandemic low last week, a sign of a healing labor market.
Third-quarter earnings are being closely watched by investors. So far, things are off to a good start.
Of the 80 S&P 500 companies that have reported results so far, 81% have beaten expectations.
The crypto market fell on Thursday, with Bitcoin trading near $62,000, as price pulls back after reaching a record high of almost $67,000 yesterday.
Catch Up
Snap plummets 22% as iPhone privacy controls pinch ad sales.
Fed bans officials from buying individual stocks after ethics scandal.
Donald Trump launches 'TRUTH' social media platform to "stand up” to companies such as Twitter and Facebook