STOCKS RISE: Here's what you need to know
The major equity indexes closed higher on Thursday, with one last trading session to go for the year.
Unless something catastrophic happens on Friday, the S&P 500 will make history by recording green months all through a year for the first time.
Here's the scoreboard:
- Dow: 24,816.78, +42.48, (0.17%)
- S&P 500: 2,684.49, +1.87, (0.07%)
- Nasdaq: 6,941.19, +1.86, (0.03%)
- Bitcoin plunged below $14,000 after the South Korean government warned it may close some cryptocurrency exchanges amid "irrationally overheated" trading. Bloomberg News reported that South Korea would require cryptocurrency transactions to name participants and bar banks from offering virtual accounts.
- A group of investors led by SoftBank bought at least 13% of Uber. SoftBank and its partners offered to buy shares from Uber employees and existing investors at $33 a share, according to Recode. That values the app-based taxi company at $48 billion, or about 30% less than the $69 billion valuation it had after its last funding round.
Apple CEO Tim Cook got a big raise in 2017, thanks in large part better-than-expected sales at the consumer electronic company. Cook made a total of $12,825,066 this year, according to a statement filed with the Securities and Exchange Commission on Wednesday. This is up from $8,747,719 in 2016, and $10,281,327 in 2015.
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