STOCK MARKET
Dow Jones ended at $43,914.12 (-0.53%)
S&P 500 ended at $6,051.25 (+0.54%)
Nasdaq Composite ended at $19,902.84 (-0.66%)
The stock market witnessed losses across all major indexes as the Dow Jones Industrial Average fell for a sixth consecutive day, marking its longest losing streak since April. Despite positive news from companies like Broadcom and RH reporting strong revenue growth, the overall market sentiment was dampened by the Nasdaq Composite breaking below the 20,000 mark and technology stocks like Nvidia slumping. Concerns about an overvalued market fueled by a post-election rally also impacted investor confidence, leading to a more cautious approach, and as a result the S&P 500 also fell. Also, although there was a positive producer price index report for November showing an increase in wholesale prices, it was not enough to offset the negative sentiment in the market, resulting in the declines seen across the major indexes.
CRYPTO MARKET
Bitcoin fell by 1.18% for the day, with a value of $99,974.28 as of 3:00 PM CST, as stated by Coin Metrics.
