US Stocks Drop, Bitcoin Plunge Impacts Crypto
Update: 2025-12-01
Description
US stocks experienced a pullback on Monday, with the S&P 500, Dow Jones, and Nasdaq all seeing decreases, primarily due to a significant drop in Bitcoins value. The dip follows a strong rally last week, driven by optimism over a potential Fed rate cut. However, rising bond yields for longer-term Treasuries, influenced by the Bank of Japans hint at a possible interest rate hike, drew investors away from stocks and cryptocurrencies. Bitcoins decline led to a drop in stock prices for companies like Coinbase, Robinhood, and Strategy. Meanwhile, Synopsys saw a rise after Nvidias investment announcement. The holiday shopping season is off to a strong start, with mixed reactions in retail stocks and overseas markets.
The Daily News Now! - Every city. Every story. Powered by AI.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
