Stock Market Dips, Crypto Falls, But Holiday Spending Boosts Hope

US stocks stumbled this week, ending a five-day winning streak, with the Dow and Nasdaq both seeing drops. Bitcoins plunge below $86,000 dragged down crypto-related stocks, while rising bond yields added pressure. However, Synopsys and Nvidia saw gains, and early holiday shopping reports hint at strong consumer spending. The market awaits Federal Reserve signals on potential interest rate cuts amid a larger-than-expected manufacturing contraction. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.