Business
Stocks Fall as Late November Strength Turns Into December Weakness
Someone has hit the pause button on holiday joy.
Stocks fell to start December after five straight days of gains. The S&P 500 was down 0.5%, Dow was down 0.9%, while the Nasdaq fell 0.4%. Losses were led by the utility sector, which is among the safest corners of the stock market.
The month has started on a bad note not just with stocks but even with bonds. A popular Treasury exchange-traded fund, iShares 20+ Year Treasury Bond, declined 1.6%. Bitcoin traded as low as $83,840 today, a steep move lower compared with its peak over $120,000 in October.
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