Dow futures rose more than 150 points after of a slew of economic data before the bell and renewed hopes for an infrastructure deal at a White House meeting later Thursday. The market’s comeback rally took a pause Wednesday, though the Nasdaq managed to eke out another record close, and it was set to rise Thursday. With a broad group of stocks jumping in premarket trading, the S&P 500 was also set to open at new highs. The Dow was still climbing out of last week’s hole. Ahead of Thursday’s session, it remained 2.6% away from its latest record close in early May.
Andreessen Horowitz announced a new $2.2 billion cryptocurrency-focused fund Thursday. The Silicon Valley venture capital firm, founded by Marc Andreessen and Ben Horowitz, launched its first crypto fund three years ago, during what’s now known as “crypto winter.” That year, the value of bitcoin cratered roughly 80% from the highs in 2017. The latest fund also comes at another bearish moment for bitcoin.