US stocks dey fall on Monday, den bitcoin ein price dey go down plus, as Wall Street ein strong rebound for late November dey look like say e go hit speed bump for de first trading day of December. Tech companies dey lead de retreat, plus de Nasdaq Composite dey down around 1% den de S&P 500 dey drop roughly 0.7%. De Dow Jones Industrial Average dey slide around 0.6%, after de blue-chip benchmark lead Wall Street indexes to a fifth day of gains on Friday.
Magnificent Seven Stocks Dey Pull Back
All de "Magnificent Seven" megacap stocks except Amazon dey pull back, led by falls of around 1% for Nvidia, Meta, den Tesla. Dis dey show say even de big tech companies dey feel de pressure.
Bitcoin Dey Plunge
Meanwhile, bitcoin fall sharply, dey lose nearly 6% for another sign say markets dey start December for risk-off mood. De leading cryptocurrency sink below $85,000 a token on Monday morning, dey extend a weeks-long slide, before e bounce to trade above dat level. Dis dey add to de worries for investors wey dey already anxious about de market.
December No Dey Guarantee Rally
December dey usually be strong month for stocks, but strategists dey say de so-called Santa Claus rally no go happen dis year after string of events — not least President Trump ein tariff push — keep uncertainty high. Dat don lead stocks to buck de usual seasonal trends throughout 2025, analysts dey say.
Focus Dey On Federal Reserve
Focus still dey on de Federal Reserve ein path for interest rates, even as over 85% of bets dey ride on a quarter-point reduction at policymakers' meeting next week. De Thanksgiving week rally be fueled in large part by rising hopes for cut and lower borrowing costs, on de back of supportive comments from Fed officials. But de central bank don enter blackout ahead of ein gathering. Dat dey put de spotlight on economic data to set expectations for rates, as releases continue to flow back to normal post-government shutdown. Monday bring reading on November manufacturing activity.
Wall Street Winning Streak Dey Threatened
US stocks dey give back some of last week ein rally on Monday, as bitcoin den other former stars of Wall Street dey fall again. De S&P 500 slip 0.4% and dey threaten to break a five-day winning streak. De Dow Jones Industrial Average dey down 204 points, or 0.4%, as of 10:15 a.m. Eastern time, and de Nasdaq composite dey 0.5% lower. Last week ein rally be largely due to strengthening hopes say de Federal Reserve go cut ein main interest rate at ein meeting next week to help shore up de slowing job market. Such hopes still dey high, plus traders dey bet on nearly 88% chance of it.