U.S. stock markets saw positive movement on Monday as investors prepared for the Federal Reserve's final policy decision of the year.
The Nasdaq and S&P 500 both recorded gains, while the Dow Jones remained stable. This comes after a challenging week for major indices, indicating cautious optimism among traders.
Bitcoin reached a new all-time high in the cryptocurrency market, attributed to expectations of a crypto-friendly administration under Donald Trump. MicroStrategy, known for its Bitcoin holdings, saw its shares rise in anticipation of its inclusion in the Nasdaq 100 index.
As the Fed's decision approaches, market participants are focused on potential catalysts for the stock rally. Investors are confident about a rate cut in 2024, but uncertainty remains about adjustments to the Fed's "dot plot" for 2025.
Economic indicators such as the PCE index and U.S. retail sales for November will provide insights into consumer resilience and the overall health of the economy.
China's retail sales figures fell short of expectations, raising concerns about its economic recovery.
Super Micro Computer Inc. faced setbacks as its shares plummeted and it was removed from the Nasdaq 100 index.
The interplay between traditional financial markets and the cryptocurrency sector, influenced by central bank policies and economic indicators, will shape investor sentiment and market trajectories.