September 23: Market Summary
Markets are back in action
Here are today’s market moves:
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.
Mark Zuckerberg signed off on a proposal to push positive news stories about Facebook to its users.
AMC looking to accept Dogecoin in movie theaters.
The Federal Reserve is pushing ahead with a study to evaluate launching its own digital currency.