- StockStory Top Pick NVDA +1.31%
- BTC-USD -7.07% TSLA -0.62% ^IXIC -0.21% ^GSPC -0.25%
US stocks slipped on Monday but recovered from steeper earlier losses, while bitcoin's (BTC-USD) slump deepened as Wall Street's strong late-November rebound took a bumpier turn to begin December.
The Nasdaq Composite (^IXIC) and the S&P 500 (^GSPC) fell around 0.1%, paring earlier tech-led losses. The Dow Jones Industrial Average (^DJI) slipped around 0.3%, after the blue-chip benchmark led Wall Street indexes to a fifth day of gains on Friday.
Nasdaq GIDS - Free Realtime Quote • USD (^IXIC) Follow View Quote Details 23,316.63 -49.05 (-0.21%) As of 2:13:47 PM EST. Market Open. ^IXIC ^GSPC ^DJI Advanced ChartNvidia (NVDA) stock fell 1% at the open before reversing course and gaining in midday trading.
Meanwhile, bitcoin fell sharply, losing over 7% in another sign that markets are kicking December off in a risk-off mood. The leading cryptocurrency sank below $85,000 a token, extending a weeks-long slide.
December is typically a strong month for stocks, but strategists say the so-called Santa Claus rally may not happen this year after a string of events — not least President Trump's tariff push — kept uncertainty high. That has led stocks to buck the usual seasonal trends throughout 2025, analysts say.
Focus is still on the Federal Reserve's path for interest rates, even as over 85% of bets ride on a quarter-point reduction at policymakers' meeting next week. The Thanksgiving week rally was fueled in large part by rising hopes for a cut and lower borrowing costs, on the back of supportive comments from Fed officials. But the central bank has now entered a blackout ahead of its gathering.
That puts the spotlight on economic data to set expectations for rates, as releases continue to return to normal following the government shutdown. The highlight comes Friday, with the delayed arrival of September's Personal Consumption Expenditures (PCE) index, the Fed's preferred inflation gauge.
Wall Street is also bracing for a potential change of leadership at the Fed, after a year of Trump butting heads with Fed Chair Jerome Powell. Trump said Sunday he has made his choice for replacing Powell. Trump didn't give a name, though White House economic adviser Kevin Hassett is seen as the most likely candidate.
LIVE 19 updates- 45 mins ago Grace O'Donnell
RBC raises 12-month S&P 500 target to 7,750 as more Wall Street firms turn bullish on stocks
Yahoo Finance's Allie Canal reports:
Read more here.
- Today at 5:41 PM UTC Grace O'Donnell
Nvidia stock rebounds in afternoon trading after Jensen Huang calls China a 'bonus opportunity'
Nvidia (NVDA) stock staged a comeback during Monday's trading sessions after the company announced a $2 billion investment in Synopsys (SNPS) and following bullish comments by CEO Jensen Huang on demand in China.
Shares in the company, which were down over 1% in early trading, rose by about 1.5% in the afternoon. The stock moved into the green shortly after CEO Jensen Huang remarked on global demand in an interview with CNBC.
"I would like everybody to just assume that China is a bonus opportunity in the future," Huang told CNBC's "Squawk on the Street" on Monday. "At the moment, ... demand is really skyrocketing. and over the next couple of years, we’ve got a lot of demand we have to go serve. And if China comes along, which I believe is going to be in the best interest of the United States, as well as China and the rest of the world, that’s going to be a huge bonus opportunity for us."
Huang also weighed in on the company's expanded partnership with Synopsys to roll out engineering solutions focused on AI.
"This is a huge deal," Huang said. "The partnership we’re announcing today is about revolutionizing one of the most compute-intensive industries in the world, design and engineering."
NasdaqGS - Nasdaq Real Time Price • USD (NVDA) Follow View Quote Details 179.30 +2.32 +(1.31%) As of 2:13:50 PM EST. Market Open. Advanced Chart Today at 4:33 PM UTC Jake Conley
US manufacturing sector contracts for ninth straight month amid conditions 'more trying' than COVID
The US manufacturing sector contracted for the ninth straight month in November, according to data released Monday by the Institute for Supply Management.
The Manufacturing PMI registered at 48.2 for November, against a reading of 48.7 in October, as the Trump administration's tariff policies continued to roil a sector that imports a large amount of materials. Readings below 50 indicate a contraction, while those above 50 indicate an expansion.
The industrials sector, which has risen healthily on the year, fell by around 1.6% over the past month.
"At any given point, trade with our international partners is clouded and difficult. Suppliers are finding more and more errors when attempting to export to the U.S. — before I even have the opportunity to import," one respondent to the ISM's monthly survey said.
"Conditions are more trying than during the coronavirus pandemic in terms of supply chain uncertainty."
Index readings for new orders, employment, supplier deliveries, and backlog of orders fell in the month, dragging the overall rating down even as other metrics such as production, prices, and imports expanded.
The ISM noted that raw materials, including aluminum, copper, natural gas, and a basket of critical minerals, among others, have all gotten more expensive on the month, while electrical components and rare earth metals remain in short supply.
Labor was also noted as being in short supply.
"Business conditions remain soft as a result of higher costs from tariffs, the government shutdown, and increased global uncertainty," another survey respondent said.
- Today at 4:15 PM UTC Grace O'Donnell
Michael Burry says Tesla is 'ridiculously overvalued,' slams Musk pay package
Yahoo Finance's Pras Subramanian reports:
Read more here
Today at 4:00 PM UTC Ines Ferré
Bitcoin tumbles to $84,000 as losses accelerate, crypto stocks also get hit
Bitcoin (BTC-USD) tumbled more than 7% on Monday, along with crypto-related stocks, casting doubt on a year-end rally despite growing prospects of a Federal Reserve interest rate cut.
The world's largest cryptocurrency fell from around $91,000 on Friday to $84,000 on Monday, over concerns that Japan could raise interest rates. This sparked fears that investors who had borrowed cheap Japanese yen to buy assets like US stocks and bitcoin might rush to reverse those trades and sell cryptocurrencies and equities.
The last time this unwind happened in August 2024, bitcoin plunged 18% in a few days, noted Nic Puckrin, investment analyst and co-founder of The Coin Bureau.
"Now that history is repeating itself, it’s wise to prepare for more volatility," said Puckrin, highlighting that the sharp drop last year was followed by a recovery and new highs.
CCC - CoinMarketCap • USD (BTC-USD) Follow View Quote Details 84,968.84 -6,468.62 (-7.07%) As of 7:11:00 PM UTC. Market Open. Advanced ChartStill, bitcoin exchange-traded funds (ETFs) posted their second-worst month, with $3.5 billion in outflows. The token is now down more than 30% from its October all-time high above $126,000, and it recently failed to break past the $92,000 level.
"While conditions can shift quickly, a sustained rally still appears unlikely in the near term, especially before year-end. But 2026 may present a very different setup," said a 10X Research client note on Monday.
Bernstein analysts noted they are "still looking for clear signs for bitcoin to bottom out."
The token's "price action suggests weak market sentiment, which has impacted digital asset equities," wrote analyst Gautam Chhugani in a note on Monday morning.
Crypto-related stocks like Strategy (MSTR) sank 10%, while trading platform Coinbase (COIN) dropped by 5% and Robinhood (HOOD) slid 4%.
Today at 3:30 PM UTC Brooke DiPalma
Cyber Monday sales expected to rise 6.3% from a year ago, Adobe Analytics says
Consumers are expected to spend a record $14.2 billion on Cyber Monday, up 6.3% from last year, per Adobe (ADBE) Analytics.
As consumer confidence hit its lowest since April and shoppers worry about the labor market, they're seeking out mostly pricer goods like electronics, apparel, and furniture on the final day of a deal-filled weekend.
Adobe said consumers are expected to turn to buy now, pay later payment methods to take advantage of the deals. Today alone, Adobe predicts that consumers will spend $1 billion using the flexible payment method. That would be the largest single day on record.
As shoppers look to score last-minute deals, they're expected to spend the most between 8 p.m. and 10 p.m. 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 spent a record $11.8 billion online combined. On Friday, Americans spent that much in one day alone, up 9.1% year over year.
Plus, retailers like Walmart (WMT) and Target (TGT) have been ramping up their AI capabilities as consumers use AI this holiday season to cross compare deals, get gift ideas, and research products. Compared to a year ago, AI traffic to US retail sites is up 770% from Nov. 1 to Nov. 30.
Stocks fall at the open of the first trading session of December
The major US stock gauges slid on Monday, putting Wall Street's strong late-November rebound on track to hit a speed bump on the first trading day of December.
The tech-heavy Nasdaq Composite (^IXIC) led the way down, losing around 1% at the open before paring losses. Meanwhile, the generalist S&P 500 (^GSPC) gave up around 0.6%, and the blue chip-loaded Dow Jones Industrial Average (^DJI) shed 0.4%.
Nasdaq GIDS - Free Realtime Quote • USD (^IXIC) Follow View Quote Details 23,316.63 -49.05 (-0.21%) As of 2:13:47 PM EST. Market Open. ^IXIC ^GSPC ^DJI Advanced ChartMost of the "Magnificent Seven" megacap stocks pulled back, with Meta (META) losing over 1%, and Alphabet (GOOG) giving up nearly as much.
Bitcoin continued to fall, plummeting nearly 6% to below $85,000 a token to extend a weeks-long slide, before rebounding to recross the $86,000 mark.
- Today at 2:22 PM UTC Grace O'Donnell
Barrick stock rises as company explores IPO of North American assets
Barrick Mining Corporation (B) said Monday that it's exploring an IPO of its North American gold assets, sending shares of the Canadian miner up 3% ahead of the opening bell.
Barrick said it would maintain a significant controlling interest in the new company should it spin off its subsidiary as a publicly traded entity.
The new company would control Barrick’s interests in Nevada Gold Mines and the Pueblo Viejo mine in the Dominican Republic, which are both 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 sizable stake in the company in November and pushed for a breakup. In September, Mark Hill took over as Barrick's CEO, as rising costs in its North American mines and the company remained locked in a dispute with Mali's government.
- Today at 1:30 PM UTC Grace O'Donnell
Synopsys stock jumps on news of Nvidia investment
Nvidia (NVDA) announced Monday that it invested $2 billion in Synopsys (SNPS) stock to deepen the companies' partnership.
Nvidia shares fell 1.5% in premarket trading as a risk-off mood swept markets, while Synopsys stock jumped over 7% on the news. If that holds through the day, Synopsys is on track to wipe away about half of its year-to-date losses.
NasdaqGS - Nasdaq Real Time Price • USD (NVDA) Follow View Quote Details 179.30 +2.32 +(1.31%) As of 2:13:50 PM EST. Market Open. NVDA SNPS Advanced ChartSynopsys, which designs tools and offers 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, according to a press release.
Nvidia paid $414.79 per share for Synopsys's common stock. The AI titan is coming off a rough November, with shares down 11% over the past month. Year to date, however, Nvidia stock has returned 31%.
- Today at 1:07 PM UTC Grace O'Donnell
Crypto stocks bruised as bitcoin dips below $85K, ether sells off
Crypto stocks took a hit in premarket trading on Monday as a sell-off in cryptocurrencies gained steam.
Strategy (MSTR), which helped pioneer the bitcoin treasury model for businesses, declined by over 5%. Year to date, the Michael Saylor-led firm is down 38%. Meanwhile, Coinbase (COIN) dropped by 5%, and Robinhood (HOOD) slid 4%.
The stocks fell in sympathy with cryptocurrencies, which sold off across the board.
Bitcoin (BTC-USD) fell more than 6% and briefly traded below $85,000. Ether (ETH-USD) shed nearly 7% to trade around $2,800 per token. Ripple's XRP (XRP-USD) dropped 7% to around $2.
Selling accelerated in the early morning hours after the DeFi platform Yearn Finance said it experienced an "incident" in its yETH LST stableswap pool. Yearn posted on X that the hack led to a $9 million loss.
- Today at 12:47 PM UTC Karen Friar
Treasurys fall as Japanese sell-off ripples through bond markets
Bloomberg reports:
Treasurys started the post-Thanksgiving week on the back foot as a slide in Japanese debt spilled over into bond markets globally.
The yield on US 10-year notes (^TNX) rose three basis points to 4.04%, following a jump in the Japanese equivalent to the highest since 2008 on the prospect of a Bank of Japan interest-rate hike later this month. That also pushed up rates on bonds from Europe to New Zealand.
Read more here.
Today at 12:46 PM UTC Jenny McCall
Good morning. Here's what's happening today.
Economic data: S&P Global US manufacturing PMI (November final reading); ISM manufacturing (November)
Earnings: Credo Technology Group (CRDO), MongoDB (MDB), New Fortress Energy (NFE)
Here are some of the biggest stories you may have missed over the weekend and early this morning:
Chanos warns of debt risks tied to Nvidia AI chips
'I don't know if we'll get that Santa rally'
US, UK set to seal deal on zero-rate pharma tariffs
Trump says he's made his Fed chair pick to replace Powell
Bitcoin plunges to below $86,000 in risk-off start to December
Silver jumps 2% to record high as roaring rally outpaces gold
SoftBank founder: 'I was crying to sell Nvidia shares'
Treasurys fall as Japan sell-off ripples through bond markets
- Today at 12:00 PM UTC Karen Friar
Stocks drift back towards record highs as the final month of 2025 gets underway: What to watch this week
Yahoo Finance's Jake Conley takes a look at the key events for markets this week.
He reports:
Read more here.
Premarket trenders: Coupang, New Fortress Energy and Strategy
South Korea's largest e-retailer Coupang Inc. (CPNG) stock fell 8% in premarket trading on Monday following a massive data leak. This latest break caps what is set to be a record year for online leaks in the country, highlighting weaknesses in Seoul’s cyber defenses.
New Fortress Energy (NFE) stock soared 22% before the bell on Monday. The liquefied natural gas supplier, which has faced questions over its rising debt, had a contract approved with Puerto Rico regulators late Friday.
Strategy (MSTR) stock fell 4% during premarket trading on Monday. The software company, which is one of the largest investors of bitcoin has suffered due to the crypto selloff.
- Today at 10:45 AM UTC Karen Friar
Silver jumps to extend its record-beating rally
Silver (SI=F) jumped nearly 2% to a fresh all-time peak on Monday as traders eyed tight supply and optimism for a US interest rate cut in December.
The metal was trading above $58 an ounce, having surged almost 6% on Friday to a record high.
Bloomberg reports:
Read more here.
- Today at 10:30 AM UTC Karen Friar
'I don't know if we'll get that Santa rally': Why Wall Street says December may break from its usual strength
Yahoo Finance's Allie Canal reports:
Read more here.
- Today at 10:00 AM UTC Karen Friar
Oil gains as traders eye risks from attack on key Black Sea terminal, Venezuela tensions
Bloomberg reports:
Oil rose as a key pipeline linking Kazakh fields to Russia’s Black Sea coast halted loading after one of its three moorings was damaged in an attack over the weekend.
Brent (BZ=F) traded 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 hasn’t commented on the incident at the CPC facility, although it confirmed separate attacks on an oil refinery and tankers over the weekend.
The incident came after the OPEC+ producer-group led by Saudi Arabia reiterated a three-month plan to halt output hikes in the first quarter of next year. OPEC+ again said the move reflected weaker seasonal market conditions. A major surplus is expected in the early part of next year.
Oil posted a fourth consecutive monthly drop in November as expectations for a swelling surplus weighed on the outlook, with the International Energy Agency forecasting a record glut in 2026. Still, geopolitical tensions from Russia to Venezuela — where President Trump warned airspace should be considered closed over the weekend, add to the bullish risks for prices.
Read more here.
- Today at 9:55 AM UTC Karen Friar
ChatGPT was unveiled 3 years ago, kicking off the AI revolution. For investors, it did even more.
Yahoo Finance's Myles Udland reports:
The three-year anniversary of ChatGPT's release was on Sunday.
For investors and the corporate world, a lot more than three years' worth of change has followed.
Stock prices have soared. Workflows have changed. Staffing needs have been radically altered. A massive domestic infrastructure buildout is underway.
The economy has become increasingly K-shaped, with the distance widening between the financial haves and have-nots in both the corporate and consumer realms.
SNP - Free Realtime Quote • USD (^GSPC) Follow View Quote Details 6,831.90 -17.19 (-0.25%) As of 2:13:50 PM EST. Market Open. Advanced ChartThe transformed state of the economy and markets is remarkable on its own merits. But against the backdrop of the markets from which this artificial intelligence boom emerged, the turnaround is even more impressive.
Simply put, ChatGPT didn't just catalyze the biggest technological boom in a generation; it offered a catalyst to turn around one of the lousiest market environments investors had been dealing with since the financial crisis.
... And it is with this context that the doubt which has seemed to dog this bull run becomes more explicable.
Read more here in this takeaway from Morning Brief.
- Today at 2:58 AM UTC Rian Howlett
Bitcoin leads crypto sell-off as coin drops below $87,000
Cryptocurrencies fell early Monday morning as a week of sell-off continued despite appearing to stablize at the end of last week.
CCC - CoinMarketCap • USD (BTC-USD) Follow View Quote Details 84,968.84 -6,468.62 (-7.07%) As of 7:11:00 PM UTC. Market Open. Advanced ChartBloomberg reports:
Read more here.
