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- Daily Scoop 5-19
Daily Scoop 5-19
🗨️ Through the gymnasium and into the quad
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Today's Scoop: Sour
Talking points
Cryptocurrency markets crashed.Consumers are spending a lot.Businesses are raising wages to attract workers.
The Market: ⬇️-0.3%
S&P 500: 4,115.68
Chinese regulators issued a fierce warning against the use of any digital currencies, which sent crypto markets plunging lower. The general selling vibe carried through into the stock market, particularly for tech companies.
Company Headlines
Home Depot keeps buildingBank of America raises wagesSnapchat reduces emissionsUBS slashes jobsTarget feels the love
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Reminder...
The S&P 500 is an index that tracks the value of the biggest 500 public companies in the US. The actual number isn't as important as the direction it moves. It helps us understand whether America's biggest corporations are growing. Daily fluctuations are very normal.
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