Stock market today: Live updates
A Trader works on the floor of the New York Stock Exchange (NYSE) in New York on November 21, 2025.
Angela Weiss | Afp | Getty Images
Stocks fell on Monday, following crypto prices lower, as volatility continued into December’s trading month.
The S&P 500 shed 0.5%, while the Nasdaq Composite lost 0.6%. The Dow Jones Industrial Average pulled back by 309 points, or 0.7%.
Broadcom and Super Micro Computer lost more than 3% and 2%, respectively, indicating more profit-taking in the artificial intelligence trade. However, Synopsys shares popped after Nvidia announced an investment in the company. Nvidia shares rose around 1%.
Bitcoin, the flagship cryptocurrency, dropped more than 5% to trade below $87,000. The digital currency late last month fell below $90,000 for the first time since April and has since struggled to stay above that mark.
Wall Street is coming off a strong week. The Dow and S&P 500 jumped more than 3%, while the Nasdaq rallied close to 5%.
But the market turned turbulent and was anything but smooth sailing in November. The S&P 500 and Dow closed modestly above flat for the month, while the Nasdaq shed 1.5% to snap a seven-month advance. At one point in November, the tech-heavy Nasdaq was down nearly 8% from the October close amid concerns around AI stock valuations.
To be sure, seasonality is on Wall Street’s side as December trading begins. The S&P 500 averages an advance of more than 1% in December, making it the third-best month of the year for the benchmark in records going back to 1950, according to the Stock Trader’s Almanac.
“Stocks are going through a period of digestion,” said Robert Schein, chief investment officer at Blanke Schein Wealth Management. “But we think the backdrop for stocks remains strong right now, especially given the high likelihood that the Federal Reserve will cut interest rates again next week.”