The first exchange-traded funds that hold bitcoin directly are expected to start trading Thursday, after getting the greenlight from the Securities and Exchange Commission tonight.
Stock indexes climbed. The S&P 500, Dow industrials and Nasdaq all finished in the green. After declining in the first week of the year, indexes have this week regained their footing.
Meta shares jumped. The Facebook parent closed up 3.7%. Mizuho put out a bullish forecast for the company, raising its price target to $470 a share— about $100 above Wednesday’s close.
Microsoft is closing in on Apple for the title of the most valuable U.S. company.
Boeing shares recovered a bit. They had dropped sharply this week after a door-plug blew out on an Alaska Airlines flight.
Treasury yields edged up. The yield on the 10-year note settled at 4.029%, after earlier dipping below 4%.
Overseas stocks were mixed. Japan’s Nikkei 225 climbed 2% to its highest level since 1990.
Earnings season kicks off in earnest this week. Major companies including JPMorgan Chase and Bank of America are set to report Friday.
U.S. inflation data is up ahead, with December consumer-price data due Thursday, followed by producer prices Friday.
Read More: Dow, Nasdaq Close Higher; Bitcoin in the Spotlight