Welcome to Econ Recaps! We share daily summaries of the stock market so you don't have to read lots of articles. Today, the S&P 500 went up by almost 2%, and all 11 sectors increased, with communication services rising by over 5%. Meta Platforms had a big boost after reporting strong earnings. There's talk of de-dollarization, with Argentina using Chinese yuan to pay for imports, and France urging Europe to be less reliant on the US dollar. Jobless claims were better than expected, but GDP growth for the first quarter was lower than expected. Some companies reported earnings, and there were some big winners and losers. Tomorrow, we'll hear from Exxon Mobil and Chevron.