The Nasdaq composite fell on Monday, with tech shares under pressure as AI-related stocks like Broadcom continued to weigh on the market. Indexes have been volatile this month, driven by concerns around the artificial-intelligence boom. Broadcom dropped again, along with Oracle and CoreWeave, while Nvidia edged higher. The Nasdaq finished down 0.6%, the Dow industrials fell 0.1%, and the S&P 500 declined 0.2%.
Gold and silver remain standout performers in global markets, with gold futures settling near a record high, up 0.2%. In contrast, Bitcoin dropped 3.1% to $85,806 as investors shed riskier assets, pushing down shares of crypto-specialists like Strategy and Coinbase.
Major economic data lies ahead, including delayed jobs data for October and November set for Tuesday, followed by a key inflation gauge on Thursday, when earnings from Nike and FedEx are also due.
Central banks in Europe and Japan will make interest-rate decisions this week. The yen strengthened against the dollar, while Asian stock indexes dropped and tech stocks tracked U.S. moves from last week. Data from China highlighted slowing economic momentum.
In other recent trading, Treasury yields declined, with the 10-year recently trading at 4.181%.
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