Good evening.
Stocks climb to records, Ethereum hits a new all time high, and October comes to a close.
Let’s dive in.
Markets
Here are today’s market moves:
What Happened?
U.S. stocks climbed on Friday, finishing off their strongest month since November 2020.
All three major U.S. indexes finished at record highs, with the S&P 500 notching its 59th record close of the year.
The stock market’s performance this month marks a sharp reversal from September, when stocks fell sharply.
Investors hope the momentum can continue through the rest of the year as Q4 is historically a strong period.
The crypto market climbed on Friday, with Bitcoin trading near $62k and Ether hitting a new record of $4,450.
Catch Up
U.S. GDP increased at an annual rate of 2% in the third quarter of 2021, lower than estimates.
Microsoft is now the most valuable company in the world.
A ‘Squid Game’ cryptocurrency is up nearly 2,400% in the last 24 hours
What Else?