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Hey there, Bullets Fans –
Your Morning Bullets Brief Updates are here! And that means trivia is, too.
In what year did the Dow Jones Industrial Average experience its biggest March 15 leap? Bonus points if you can guess how much the benchmark increased.
Think you know the answer? You can check it in the closing area down below!
Image Source: Morning Bullets
Futures tied to each of the three benchmarks were climbing higher on Monday morning, despite the continued elevation of the 10-year Treasury yield. Last week, each of the major indexes logged gains. For the year overall, the Dow Jones Industrial Average has increased 7% so far, while the S&P 500 has risen nearly 5%, and the Nasdaq Composite has pushed over 3.3%.
And the world’s largest digital currency relaxed a little after soaring to more than $60,000 over the weekend (more on that in the story, below).
Also this week, the Federal Reserve holds its two-day March meeting, and investors will be looking for direction about if and when rates will change.
And President Joe Biden and Vice President Kamala Harris will begin a tour to promote the massive $1.9 trillion stimulus package that was signed into law last week.
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This just might be the most unusual stock we’ve ever seen
Image Source: Reuters
Over the weekend the world’s largest digital currency skyrocketed to more than $60,000. As of early Saturday morning, Bitcoin had reached $60,415.34, an increase of more than 80% in this year alone.
Last week, the value of the cryptocurrency soared above $1 trillion.
More and more big names are adopting Bitcoin, sending it higher. For instance, Tesla earlier this year spent $1.5 billion on the digital currency, and Mastercard will offer support for cryptocurrencies soon.
The biggest shift in Bitcoin’s latest rally, enthusiasts say, is that the digital currency has captivated the attention of institutional investors. Over the past year alone, Bitcoin has increased well over 900%.
What do you think? Have you invested in Bitcoin or any other digital currency? Why or why not?
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