Good evening.
Stocks pull back, Elon Musk attacks Biden’s tax plan, and Shiba is up 100,000,000% (yes, you read that correctly).
Let’s dive in.
Markets
Here are today’s market moves:
What Happened?
U.S. stocks fell on Wednesday as investors absorbed a batch of earnings from tech companies.
Despite today’s pullback, stocks still remain near their highs.
Yesterday, the S&P 500 hit a record for the 57th time this year.
With just a few days left in October, the stock market is having its best month since November 2020.
The crypto market fell on Wednesday, with bitcoin near $58.5k, as price pulls back after almost reaching $67k last week.
Catch Up
Shiba Inu climbed to a new record on Wednesday, overtaking Doge by market cap. The dog-themed crypto is up 100,000,000% in the past year.
Elon Musk says taxing billionaires won’t ease debt burden.
Dog-themed crypto Shiba Inu now has a larger market cap than Deutsche Bank.