Markets
Here are today’s market moves:
What Happened?
The S&P 500 fell for the fourth consecutive day on Thursday amid concerns about slowing U.S. economic growth and rising Covid-19 cases.
September is generally known to be a bad month for stocks – last September the S&P fell more than 4%. Will this time be different?
According to the Department of Labor, jobless claims came in at 310,000 last week, a new pandemic low.
The crypto market gained slightly on Thursday, with Bitcoin trading near $46k, although the cryptocurrency is still down about 4% over the past week.
Catch Up
The U.S. has a record $1.73 trillion in student debt, according to the Fed.
The SEC warned it will sue Coinbase if it launches a new digital asset lending product.
Hurricane Ida’s damage tally could top $95 billion, making it the 7th costliest hurricane since 2000.