September 23: Market Summary

Markets are back in action


Here are today’s market moves:

What Happened?

  • U.S. stocks climbed on Thursday for a second consecutive day as fears around a crisis in China’s property market eased.

  • Yesterday, the Federal Reserve said it will continue to support the economy for now but will look to start tapering later this year.

  • The Fall season officially started yesterday, and markets are off to a strong start. The S&P is up more than 2% in the past two days.

  • According to the Department of Labor, jobless claims came in at 351,000 last week, an increase of 16,000 from the previous week.

  • The cryptocurrency market climbed on Thursday, with Bitcoin trading near $45k and Ether near $3,100.

Catch Up

  1. Mark Zuckerberg signed off on a proposal to push positive news stories about Facebook to its users.

  2. AMC looking to accept Dogecoin in movie theaters.

  3. The Federal Reserve is pushing ahead with a study to evaluate launching its own digital currency.

What Else?