Markets
Here are today’s market moves:
What Happened?
The S&P 500 and Nasdaq rose on Wednesday, with the Nasdaq closing at a record high.
The S&P has risen for seven consecutive months—the longest winning streak since January 2018.
September is known to be a bad month for stocks – last September the S&P fell more than 4%. Will this time be different?
Data showed that private-sector job gains in August came in weaker than expected. Investors are hoping this means the Fed will continue to support the economy for longer.
The crypto market gained on Wednesday, with Bitcoin trading near $49k and Ethereum approaching $4k, as the market gains momentum after a strong August.
Catch Up
Google is delaying its return to office plans to January 2022.
PayPal is exploring a stock-trading platform for U.S. customers.
SEC says that a ban of payment for order flow is “on the table.”