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U.S. stocks ended a five-day winning streak on Monday, dragged down by a sharp drop in Bitcoin and rising global bond yields, despite strong expectations for a Federal Reserve interest rate cut.
Wall Street concluded a volatile November with a five-day rally, driven by hopes for a Federal Reserve interest rate cut. While major tech stocks like Nvidia and Oracle saw significant losses, Alphabet surged on AI news, and investors shifted funds to pharma and travel sectors.
U.S. stocks surged on Friday, with the S&P 500, Dow, and Nasdaq all rising, after a Federal Reserve official hinted at potential interest rate cuts. This boosted market sentiment, easing some concerns over AI stock valuations and cryptocurrency volatility, despite ongoing disagreements within the Fed regarding future rate decisions.
The U.S. stock market experienced an early sharp decline on Friday, with high-flyers like Nvidia, Bitcoin, and gold swinging wildly, but quickly calmed. The S&P 500 recovered most of its initial 1.3% drop to finish down only 0.1%, largely due to a dramatic turnaround by AI giant Nvidia, which initially fell 3.4% before rallying 1.8%.
The U.S. stock market experienced extreme volatility on Friday, initially plummeting before recovering, largely driven by a dramatic turnaround from AI giant Nvidia. Concerns over high stock valuations and the Federal Reserve's interest rate decisions continue to create uncertainty.
Global stock markets, led by the S&P 500, Dow, and Nasdaq, soared to new all-time highs on Monday, propelled by optimism surrounding crucial US-China trade talks, an anticipated Federal Reserve interest rate cut, and upcoming major corporate earnings reports.
The Social Security Administration announced a 2.8% cost-of-living adjustment (COLA) for 2026, translating to an average monthly increase of over $56 for retirees. While set to benefit nearly 71 million recipients starting January, many seniors and advocacy groups argue the increase is insufficient to cover rising daily expenses amidst an 'affordability crisis,' reflecting moderating inflation but ongoing financial struggles.
Stocks wavered Wednesday amid an escalating trade war, mixed corporate earnings, and Fed uncertainty. While major banks posted strong profits, some tech and pharma companies struggled. AI investments showed positive momentum, but broader market concerns, including U.S.-China tensions and delayed economic data, drove investors to safe havens like gold, which surged.
U.S. markets plummeted early Tuesday after China imposed sanctions on U.S. subsidiaries of South Korean shipbuilder Hanwha Ocean, reigniting fears over escalating trade tensions and maritime dominance, despite recent attempts to calm markets.
Stocks hit new record highs on Wednesday, seemingly unfazed by the U.S. government shutdown. However, bond yields sharply dropped after a disappointing ADP jobs report indicated unexpected job losses and weak manufacturing data, raising concerns about the economy's health and the Federal Reserve's potential interest rate decisions.
