There were miles of green on the screen Thursday with all the major averages closing higher. The Dow climbed 138 points, following the release of the Federal Reserve minutes. The markets interpreted that the Fed might "not" raise rates this year and boom, it was rally time. The Dow closed higher for the fifth straight day, finally managing to climb above the 17,000 mark for the first time since August 20. The S&P 500 jumped 17 points to cross above the 2,000 mark for the first time since September 17. The Nasdaq gained more than 19 points.
Several companies you know and might love, or at least own stock in, hit lifetime highs including L Brands (NYSE:LB), Starbucks (NASDAQ:SBUX), Tyson (NYSE:TSN), Reynolds American (NYSE:RAI) and Constellation Brands (NYSE:CEG).
The unofficial start of earnings season traditionally kicks off every quarter with Alcoa (NYSE:AA) but the aluminum and metals giant missed earnings estimate. Shares after revenue fell nearly 11% year-over -year reflecting market headwinds last quarter.
And adding to their ever expanding bitcoin empire, the famous Winklevoss brothers, Tyler and Cameron, got the green light this week for their newest project Gemini. The bitcoin exchange, where customers can buy, sell and hold bitcoin, is highly regulated and is currently available in 27 states. As they wait for their bitcoin ETF to be approved, I asked them whether they think bitcoin can put those airport currency kiosks out of business and about their plans to expand the reign of bitcoin.