Today At A Glance:

Wall Street slipped to kick off December, breaking the S&P 500’s five-day win streak as traders rotated out of risk and crypto-linked names slumped. Treasuries sold off and yields ticked higher, adding pressure to equities ahead of a mid-week speech by Fed Chair Jerome Powell and Friday’s PCE inflation print. Weakness in U.S. manufacturing and tariff-related cost pressures also weighed on sentiment. Mega-cap tech cooled, though chip design firm Synopsys bucked the trend on a strategic investment headline. Bitcoin’s drop below ~$86k amplified losses for exchanges and miners, helping pull the broader tape lower.

Today’s Index Performance:

• Dow Jones Industrial Average opened at 47,580.85 and closed at 47,289.33, a -0.90% change from Friday’s close.
• S&P 500 opened at 6,812.30 and closed at 6,812.63, a -0.53% change from Friday’s close.
• Nasdaq Composite opened at 23,172.34 and closed at 23,275.92, a -0.38% change from Friday’s close.

Gainers Of Note:

• New Fortress Energy (NASDAQ: NFE) – LNG infrastructure; surged after Puerto Rico’s oversight board granted conditional approval for a multi-billion-dollar LNG supply deal tied to power generation on the island.
• Synopsys (NASDAQ: SNPS) – Chip design software leader; rose ~5% on news of a $2B Nvidia investment, fueling optimism about AI design tooling demand.
• Ashland (NYSE: ASH) – Specialty chemicals; climbed after disclosures that Standard Investments built a significant stake, stoking activist/speculation interest.

Losers Of Note:

• Coupang (NYSE: CPNG) – E-commerce; fell on headlines around a major data-breach investigation in South Korea impacting tens of millions of accounts.
• Coinbase (NASDAQ: COIN) – Crypto exchange; slid as Bitcoin’s drop below ~$86k dragged crypto-exposed equities broadly lower.
• Riot Platforms (NASDAQ: RIOT) – Bitcoin miner; declined in sympathy with the crypto selloff and weaker miner economics on the day.

Active Traders Of Note:

• Tesla (NASDAQ: TSLA) – EV leader; heavy turnover as part of a broader risk-off fade in mega-cap tech to start the month.
• MongoDB (NASDAQ: MDB) – Cloud database; elevated volume ahead of and immediately after its after-hours earnings beat and guidance raise.
• Salesforce (NYSE: CRM) – Enterprise software; active into Q3 FY26 earnings scheduled for Dec. 3 after the close.

Looking Forward:

Focus turns to Powell’s remarks mid-week for hints on timing and magnitude of potential rate cuts, and to Friday’s PCE for confirmation that disinflation is intact. Earnings from large software names (including Salesforce) and ongoing AI/semis headlines could shape leadership within tech after today’s pause. If crypto volatility persists, expect continued dispersion between commodity-/defensive-tilted groups and higher-beta, crypto-sensitive pockets of the market.

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