Stocks, Crypto Dip; Fed Rate Cut Hopes

US stocks and Bitcoin experience a dip, signaling a more cautious approach to December trading. The Nasdaq Composite and S&P 500 fell, while the Dow Jones Industrial Average slipped by point seven percent. Bitcoin lost over seven percent of its value, falling below eighty-five thousand dollars a token. Despite December typically seeing a strong performance, some strategists suggest this might not happen this year due to high uncertainty. The focus remains on the Federal Reserves plans for interest rates, with a quarter-point reduction expected at next weeks meeting. Upcoming economic data, including the delayed September Personal Consumption Expenditures index, will shape expectations for rates.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.