Nasdaq futures indicated a downward trajectory as the final trading month of the year approaches, with shares of major technology and cryptocurrency-related companies declining in response to a prevailing risk-off sentiment. Futures linked to the tech-heavy Nasdaq, the benchmark S&P 500, and the blue-chip Dow Jones Industrial Average experienced declines of 0.7%, 0.6%, and 0.5%, respectively, following a Black Friday session that saw the indexes conclude higher, marking their strongest weekly performance since June. The S&P 500 and Dow concluded November with modest gains, marking their seventh consecutive month of increases; however, the Nasdaq experienced its inaugural monthly decline since March.

Bitcoin recently traded at approximately $86,700, significantly below its overnight peak of over $91,300, while other prominent cryptocurrencies such as Ethereum and Solana also experienced a notable decline. Shares of crypto-tied firms Strategy, MARA Holdings, Coinbase Global, and Robinhood Markets all experienced declines ranging from 3% to 5% in premarket trading. Shares of the Magnificent Seven large-cap technology companies — in order of market capitalization, Nvidia, Apple, Alphabet, Microsoft, Amazon, Meta Platforms, and Tesla — were down as well, with investors continuing to express concerns regarding the valuations of major tech firms and expenditures on artificial intelligence.

In other developments, airline stocks experienced a decline following Airbus’s announcement on Friday regarding its analysis of a recent incident involving an A320 Family aircraft. The company indicated that intense solar radiation could compromise data essential for flight control operations. On Monday, Airbus reported that of approximately 6,000 aircraft that could be affected, fewer than 100 still require a software update. Shares of Delta Air Lines, United Airlines, American Airlines, and others experienced a decline of 1% to 2% prior to the market opening, while Airbus shares fell by 3% in trading in Paris.

The yield on the 10-year Treasury note increased to 4.04% from 4.01% on Friday, coinciding with the conclusion of bond market trading at 2 pm. The U.S. dollar index, which measures the dollar’s performance relative to a selection of foreign currencies, experienced a decline of 0.2%, settling at 99.27. WTI crude futures, the U.S. oil benchmark, experienced an increase of 1%, reaching $59.20 per barrel, while gold futures saw a nearly 1% rise, climbing to $4,290 per ounce.