The US stock market had its best start to a year since 2019, with the S&P 500 and Dow Jones Industrial Average ending at all-time highs [e09fc912]. The S&P 500 reached a record high, fueled by optimism about the economy and corporate earnings [e09fc912]. Crypto also experienced significant gains, with prices increasing by over 60% this year [e09fc912].
Former President Trump's social media company made a strong debut on the Nasdaq Composite, leading to a surge in its stock price [e09fc912]. The company's successful listing added to the positive sentiment in the market [e09fc912].
In other news, Boeing CEO Dave Calhoun announced that he will step down at the end of the year [e09fc912]. This decision comes amid the ongoing safety crisis faced by the company [e09fc912]. The collapse of the Francis Scott Key Bridge in Baltimore is expected to have an impact on supply chains and the US economy [e09fc912].
Former FTX CEO Sam Bankman-Fried has been sentenced to jail on seven counts of securities fraud [e09fc912]. This development has raised concerns about the integrity of the cryptocurrency industry [e09fc912].
Additionally, Disney and a Florida board backed by Governor DeSantis have reached an agreement in a legal battle [e09fc912]. The details of the agreement were not disclosed, but it marks a resolution to the dispute between the two parties [e09fc912].
Overall, the US stock market reached an all-time high, driven by positive economic indicators and corporate earnings [e09fc912]. The surge in Trump's social media company and the sentencing of Sam Bankman-Fried have also made headlines in the financial world [e09fc912].
Sources:
- [e09fc912]: Fox Business