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Dow, S&P 500, Nasdaq sink, bitcoin plummets in downbeat start to December

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US stocks sank on Monday, while Bitcoin’s (BTC-USD) decline deepened, as Wall Street’s strong late-November rebound was about to accelerate on the first trading day of December.

Tech led the retreat, with the Nasdaq Composite (^IXIC) falling nearly 1% and the S&P 500 (^GSPC) falling nearly 0.7%. The Dow Jones Industrial Average (^DJI) slipped about 0.6% on Friday after Wall Street indexes led the blue-chip benchmark for a fifth day of gains.

All “Magnificent Seven” megacap stocks declined except Amazon (AMZN), with Nvidia (NVDA), META (META), and Tesla (TSLA) each falling about 1%.

Meanwhile, Bitcoin fell sharply, falling nearly 6% in another sign that the market is starting December in a risk-off mood. The leading cryptocurrency fell below $85,000 per token on Monday morning, extending a week-long decline before trading above that level.

December is typically a strong month for stocks, but strategists say the so-called Santa Claus rally may not happen this year as a series of events — not least President Trump’s tariff push — have kept uncertainty high. Analysts say this could lead to shares falling below normal seasonal trends through 2025.

The focus for interest rates is still on the Federal Reserve’s path, even though more than 85% of bets are on a quarter-point cut when policymakers meet next week. The Thanksgiving week rally was largely fueled by supportive comments from Fed officials on rising expectations of cuts and lower borrowing costs. But the central bank has now entered a blackout ahead of its meeting.

It focuses on economic data to determine rates expectations, as the flow of releases continues as normal after the government shutdown. Monday brings a reading on November manufacturing activity, ahead of updates on services activity and the jobs market in the coming days. But the highlight came on Friday, with the delayed release of September’s personal consumption expenditure (PCE) index, the Fed’s favorite inflation gauge.

A year after Trump fell out with Fed Chairman Jerome Powell, Wall Street is also bracing for a possible change of leadership at the Fed. Trump said on Sunday that he had made his choice to replace Powell. Trump did not name any names, although White House economic adviser Kevin Hassett is considered the most likely candidate.

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  • brooke depalma

    Adobe Analytics says Cyber ​​Monday sales are expected to grow 6.3% compared to a year ago

    Consumers are expected to spend a record $14.2 billion on Cyber ​​Monday, up 6.3% from last year, according to Adobe (ADBE) Analytics.

    As consumer confidence has hit its lowest level since April and shoppers are worried about the labor market, they’re mostly looking for pricier items like electronics, apparel and furniture on the final day of the deal-filled weekend.

    Adobe said consumers are expected to use purchase now, pay later methods to take advantage of deals. Today alone, Adobe predicts consumers will spend $1 billion using the flexible payment method. This would be the largest single day on record.

    As buyers look to grab last-minute deals, they are expected to spend the most between 8pm and 10pm ET Monday. The expectation is that $16 million will be spent every minute.

    This comes after a record cyber weekend. On Saturday and Sunday, consumers combined spent a record $11.8 billion online. On Friday alone, Americans spent that much in one day, up 9.1% year over year.

    Additionally, retailers like Walmart (WMT) and Target (TGT) are beefing up their AI capabilities as consumers use AI to compare deals, get gift ideas, and research products this holiday season. Compared to a year ago, AI traffic to US retail sites increased 770% from November 1 to November 30.

  • jake connelly

    Shares fell at the start of the first trading session of December

    Major U.S. stock gauges slipped on Monday, putting Wall Street’s strong comeback from late November on track for a sharp rise in the first trading day of December.

    The tech-heavy Nasdaq Composite (^IXIC) led the decline, falling nearly 1% at the open before paring losses. Meanwhile, the generalist S&P 500 (^GSPC) lost about 0.6%, and the blue chip-loaded Dow Jones Industrial Average (^DJI) lost 0.4%.

    Most of the “Magnificent Seven” megacap stocks retreated, with Meta (META) falling more than 1%, and Alphabet (GOOG) falling nearly as much.

    Bitcoin continued to decline, falling nearly 6% to below $85,000 per token, continuing a weeklong decline, before re-bracing the $86,000 mark.

  • Barrick stock rises as company explores IPO of North American assets

    Barrick Mining Corporation (B) said on Monday it is exploring an IPO of its North American gold assets, sending the Canadian miner’s shares up 3% before the opening bell.

    Barrick said it would retain a significant controlling interest in the new company if it spun off its subsidiary as a publicly traded entity.

    The new company will control Barrick’s interests in the Nevada Gold Mines and the Pueblo Viejo mine in the Dominican Republic, which are joint ventures with Newmont (NEM), as well as Barrick’s wholly owned Fourmile gold discovery in Nevada. Newmont stock also rose in premarket trading.

    The announcement comes after activist investor Elliott Investment Management reportedly built a large stake in the company in November and pushed for a breakup. In September, Mark Hill took over as CEO of Barrick as costs at its North American mines were rising and the company was embroiled in a dispute with the government of Mali.

  • Synopsis stock jumps on news of Nvidia investment

    Nvidia (NVDA) announced Monday that it has invested $2 billion in Synopsys (SNPS) stock to deepen the companies’ partnership.

    Nvidia shares fell 1.5% in premarket trading due to a risk-off mood in the market, while Synopsis stock jumped more than 7% on the news. If this continues throughout the day, Synopsys is on track to erase nearly half of its year-to-date losses.

    According to a press release, Synopsys, which designs devices and provides services to companies, is partnering with Nvidia on engineering and marketing activities, including compute-intensive applications, advanced agentic AI engineering and joint go-to-market initiatives.

    Nvidia paid $414.79 per share for Synopsys common stock. The AI ​​titan is having a tough time in November, with shares falling 11% in the past month. However, year to date, Nvidia stock has returned 31%.

  • Crypto stocks fall as Bitcoin falls below $85K, Ether sold off

    Crypto stocks took a hit in premarket trading on Monday as selling in cryptocurrencies intensified.

    Strategy (MSTR), which helped pioneer the Bitcoin treasury model for businesses, declined more than 5%. Year to date, the Michael Saylor-led company is down 38%. Meanwhile, Coinbase (COIN) declined 5% and Robinhood (HOOD) declined 4%.

    Sympathy for the cryptocurrency led to a decline in stocks, which sold off across the board.

    Bitcoin (BTC-USD) fell more than 6% and briefly traded below $85,000. Ether (ETH-USD) is down nearly 7% to trade around $2,800 per token. Ripple’s XRP (XRP-USD) fell 7% to around $2.

    DeFi platform Yarn Finance said it experienced a surge in early morning selling after its yETH LST stableswap pool experienced an “incident.” Yearn posted on X that the hack resulted in a loss of $9 million.

  • Treasuries plunge as a wave of Japanese selling sweeps through bond markets

    Bloomberg reports:

    Treasuries started the week after Thanksgiving on the back foot as flows of Japanese debt into bond markets globally declined.

    Yields on US 10-year notes (^TNX) rose three basis points to 4.04%, after the Japanese jumped by the most since 2008 on the possibility of the Bank of Japan raising interest rates later this month. It also pushed up rates on bonds from Europe to New Zealand.

    Read more here,

  • Jenny McCall

    Good morning. Here’s what’s happening today.

  • Stocks headed back to record highs as final month of 2025 begins: What to watch this week

    Yahoo Finance’s Jake Conley takes a look at the key events in the markets this week.

    He reports:

    Read more here,

  • Jenny McCall

    Premarket Trends: Coupang, New Fortress Energy and Strategy

    Coupang Inc., South Korea’s largest e-retailer. ,cpng, The stock fell 8% in premarket trading on Monday following the massive data leak. This latest breach is set to mark a record year for online leaks in the country, highlighting weaknesses in Seoul’s cybersecurity.

    New Fortress Energy (nfe, The stock rose 22% before the bell on Monday. The liquefied natural gas supplier, which has faced questions over its rising debt, approved a contract with Puerto Rico regulators late Friday.

    strategy (MSTR, The stock fell 4% during premarket trading on Monday. The software company, which is one of the biggest investors in Bitcoin, has suffered losses due to the crypto selloff.

  • Silver jumps to extend its record-breaking rally

    Silver (SI=F) jumped nearly 2% to an all-time high on Monday as traders eyed tighter supplies and optimism for a US interest rate cut in December.

    The metal was trading above $58 an ounce, having risen nearly 6% to a record high on Friday.

    Bloomberg reports:

    Read more here,

  • ‘I don’t know if we’ll get that Santa rally’: Wall Street says December could break out from its usual strength

    Yahoo Finance’s Eli Canals reports:

    Read more here,

  • Oil rises as traders eye risks from attack on key Black Sea terminal, Venezuela tensions

    Bloomberg reports:

    A major pipeline linking Kazakhstan’s fields to Russia’s Black Sea coast halted loading after one of three of its pipelines was damaged in an attack over the weekend, sending oil soaring.

    Brent (BZ=F) is trading above $63. The Caspian Pipeline Consortium carries most of Kazakhstan’s crude exports, which have averaged 1.6 million barrels a day so far this year.

    Ukraine has not commented on the incident at the CPC facility, although it has confirmed separate attacks on an oil refinery and tankers over the weekend.

    The incident came after the Saudi Arabia-led OPEC+ cartel reiterated a three-month plan to freeze production increases in the first quarter of next year. OPEC+ again said the move reflected weak seasonal market conditions. A larger surplus is expected early next year.

    Oil posted a fourth consecutive monthly decline in November as expectations of increased surpluses weighed on the outlook, with the International Energy Agency predicting a record glut in 2026. Still, geopolitical tensions from Russia to Venezuela — where President Trump warned that airspace should be considered closed over the weekend — increase the risks to a rally in prices.

    Read more here,

  • ChatGPIT was unveiled 3 years ago, ushering in the AI ​​revolution. For investors, it did even more.

    Yahoo Finance’s Miles Udland reports:

    The three-year anniversary of ChatGPIT’s release was on Sunday.

    For investors and the corporate world, more than three years have brought a lot of change.

    Stock prices have increased. Workflows have changed. There has been a radical change in staffing requirements. Large-scale domestic infrastructure construction is underway.

    The economy has become increasingly K-shaped, with the gap between the financial haves and have-nots growing in both the corporate and consumer sectors.

    The changed state of the economy and markets is notable on its own merits. But the change in the background of the markets from which this artificial intelligence boom emerged is even more impressive.

    Simply put, ChatGPT not only catalyzed the biggest tech boom in a generation; It offered a catalyst for change in one of the worst market environments faced by investors since the financial crisis.

    …and in this context the doubt that remains regarding this boom becomes even more clear.

    Read more here In this takeaway from Morning Brief.

  • Bitcoin leads crypto selloff as coin falls below $87,000

    Cryptocurrencies fell on Monday morning as the selloff continued for a week despite looking stable late last week.

    Bloomberg reports:

    Read more here.



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