By @wral
Publication Date: 2025-12-01 14:38:00
NEW YORK (AP) — U.S. stocks are giving back some of last week’s rally as bitcoin, Nvidia and other former stars of Wall Street fall again. The S&P 500 sank 0.7% early Monday and was on track to break a five-day winning streak. The Dow Jones Industrial Average was down 266 points, or 0.6%, and the Nasdaq composite was 1% lower. Crypto-related stocks fell after bitcoin dropped toward $86,000. Stock prices felt pressure from rising yields in the bond market. Treasury yields climbed with bond yields worldwide after the head of the Bank of Japan hinted at a hike to interest rates there.
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.
BANGKOK (AP) — Wall Street was poised to give back some of last week’s gains when markets open Monday, while oil prices surged and anything related to cryptocurrency sank as investors appeared to distance themselves from risk.
Futures for the S&P 500 fell 0.8% before the opening bell, while futures for the Dow Jones Industrial Average lost 0.5%. Nasdaq futures slipped 1%.
Investors continued to bail on bitcoin, sending it down another 6% to $85,723, adding to its recent slump. The original crypto currency, which bolted to record highs near $125,000 in early October, has lost nearly a…
