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Page de couverture de Stocks fall to start December, Bitcoin sinks, Fed decision looms

Stocks fall to start December, Bitcoin sinks, Fed decision looms

Stocks fall to start December, Bitcoin sinks, Fed decision looms

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 US stock futures are sliding as markets kick off December in risk-off mode. The S&P 500 (^GSPC) enters the month after barely securing a seventh straight monthly gain, while crypto leads the selloff. Bitcoin (BTC-USD) fell below $86,000, dragging Ether and Solana lower as thin liquidity and ETF outflows fueled renewed volatility. Strategists note Bitcoin’s December pattern tends to be flat-to-consolidating, with near-term ranges now pegged between $70,000 and $100,000 amid ongoing selling pressure . Markets are also watching the Federal Reserve. Traders are pricing in a 25 bp rate cut at the December 10 meeting, while Washington prepares for a major announcement: President Trump says he has selected the next Fed Chair and will reveal the choice “soon.” Kevin Hassett — the president’s top economic adviser — is widely viewed as the frontrunner, sparking debate over how dovish leadership could reshape rate expectations and the US dollar . Investors will finally receive delayed economic data this week, including the Fed’s preferred PCE inflation report, postponed during the shutdown. Bond yields are rising, with the 10-year climbing to 4.06% and the 30-year to 4.72%, even as the dollar weakens — a rare divergence tied to Japanese rate-hike speculation and shifts in global capital flows . Holiday shopping is also in focus this Cyber Monday. Adobe expects $14.2 billion in online spending today, with peak buying between 8–10 PM where consumers could spend $16 million per minute. Early Black Friday data shows shoppers remain highly deal-driven, with steady demand for electronics, furniture, and apparel. This week brings earnings from Macy’s (M), Dollar General (DG), and Dollar Tree (DLTR) — key reads on how both high-income and low-income consumers handled the shutdown period . In trending tickers, Synopsys (SNPS) jumps after Nvidia (NVDA) announced a $2 billion investment in the chip-software leader; MicroStrategy (MSTR) unveiled a $1.4 billion dollar reserve to avoid selling Bitcoin during downturns; and Accenture (ACN) launched a broad partnership with OpenAI to accelerate enterprise adoption of generative AI systems . Takeaways: Stocks fall as December starts in risk-off mode; Bitcoin slides below $86K Traders price in a 25 bp December cut as Trump prepares to announce the next Fed Chair Delayed PCE inflation data arrives this week; yields rise even as the dollar weakens Cyber Monday set for $14.2B in sales; shoppers chase deals and big-ticket items Synopsys surges on Nvidia’s $2B bet; MicroStrategy builds dollar reserve; Accenture expands OpenAI partnership Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves. Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
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