Stocks were mostly higher on Thursday, with the S&P 500 rising to log an all-time high as a parade of strong earnings results helped buoy equity prices.
Bitcoin smashed its previous all-time high of just under $65,000 on Wednesday — just a day after the launch of ProShares’ Bitcoin Strategy ETF on Tuesday, Oct. 19. In light of these developments surrounding bitcoin, Grayscale CEO Michael Sonnenshein believes that investment in crypto shows no signs of stopping.
Morgan Stanley Chief U.S. Economist Ellen Zentner joins Yahoo Finance to discuss the housing sales rebound, the trajectory of inflationary pressures, and the future of wage growth.