Stocks, Bitcoin Slump; Fed Rate Cut Hopes

US stocks, including the Nasdaq, S&P 500, and Dow Jones, experienced declines at the start of December, despite a strong rebound in late November. Bitcoin also saw a significant drop, indicating a risk-off mood. However, some stocks like Nvidia and Apple bucked the trend. December is typically a strong month for stocks, but strategists suggest this might not be the case this year due to uncertainty. The Federal Reserves interest rate path is heavily focused on, with bets on a quarter-point reduction at the upcoming meeting. Economic data releases, including the Personal Consumption Expenditures index, will shape expectations for interest rates.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.