Stock Market Live December 1: S&P 500 (VOO) Sinks Amidst Crypto Selloff

This nonfiction volition beryllium updated passim the day, truthful cheque backmost often for much regular updates.

The Vanguard S&P 500 ETF (NYSEMKT: VOO) gained 3% implicit the final, holiday-shortened, three-and-a-half-day-long trading week past week, but arsenic December trading opens connected Monday the momentum seems spent. Shares of the ETF look acceptable to unfastened down 0.7%, arsenic Wall Street adopts a "risk-off" posture -- and Bitcoin is falling 6% to little than $86,000.

Rival cryptocurrencies Ethereum and Solana are doing adjacent worse, some down much than 7% astatine $2,807.86 and $126.29, respectively. People's Bank of China warned Saturday against unspecified amerciable activities involving integer currencies, spooking investors successful the plus class.

CNBC blames this news, arsenic good arsenic investors who utilized leverage to bargain crypto connected its mode up -- and present person to merchantability adjacent much to screen their super-sized losses connected the mode down -- for the magnitude of the slide.

One uncommon spot of bully quality this morning: Synopsys (Nasdaq: SNPS), which makes the bundle that controls the instrumentality that manufactures semiconductor equipment, is gaining much than 7% aft Nvidia (Nasdaq: NVDA) announced  this greeting it has bought $2 billion-worth of Synopsys stock. The companies accidental they are partnering to make "next-generation intelligent systems" integrating "electronics and physics, accelerated by AI capabilities and compute."

• Crypto is selling disconnected and the S&P 500 is down this morning.

• A $2 cardinal concern from Nvidia drives Synopsys banal higher.

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And fistful of analysts are upgrading equities this post-Thanksgiving Day week, but there's not a batch of item yet connected why:

• HSBC expert Kim Fustier upgraded Chevron (NYSE: CVX) to bargain with a $169 terms target.

• Arete expert David Mak upgraded Take-Two Interactive (Nasdaq: TTWO) to bargain with a $284 terms target.

• Northcoast Research expert Keith Housum upgraded Motorola Solutions Inc. (NYSE: MSI) bargain with a $450 terms target.

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