Bitcoin Rout Drags Dow, S&P 500 and Nasdaq Lower as Cyber Monday Spending Hits Records
The Dow Jones fell 427 points Monday, ending a five-day winning streak as all major U.S. stock indices closed lower. A sharp bitcoin sell-off, rising bond yields, and weak manufacturing data weighed on markets. The 10-year Treasury yield climbed to 4.09%. Trading volume was light, with decliners outpacing advancers on both the NYSE and Nasdaq.