Markets made a comeback today, with all three major indices closing in the green.
The NASDAQ was the winner of the day, closing at a record high and seeing its biggest gain in more than four months. This was the tech index’s third record close of the year. Shares of Netflix also soared today, trading at an all-time high. The stock has nearly doubled in 2015 alone. Netflix was just one of 11 S&P 500 stocks that hit lifetime highs today.
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The IRS breach that gave cyber thieves access to more than 100,000 taxpayers’ personal information could just be the tip of the iceberg. The IRS says hackers were sophisticated and well-prepared with information they got from taxpayers’ social network pages. Mark Everson, former IRS commissioner, told us what Congress should be doing to help keep taxpayer information safe.
Authorities are crying foul over FIFA officials’ criminal conduct. Fourteen sports marketers and FIFA officials were arrested in a hotel in Zurich on charges of corruption and bribery, involving more than $150 million.
U.S. Attorney General Loretta Lynch announced an investigation into the activities of high-ranking FIFA officials, and plans to work with other nations to end corrupt practices within FIFA. Meanwhile, Coca-Cola believes FIFA has hurt the mission of the World Cup, saying in a statement today, “This lengthy controversy has tarnished the mission and ideals of the FIFA World Cup and we have repeatedly expressed our concerns about these serious allegations…FIFA has stated that it is responding to all requests for information and we are confident it will continue to cooperate fully with the authorities.”