Major stock indexes experienced a decline as the final trading month of the year commenced, with shares of large technology companies and those associated with cryptocurrencies retreating in response to a risk-averse sentiment. The blue-chip Dow Jones Industrial Average, benchmark S&P 500, and tech-heavy Nasdaq experienced declines of 0.9%, 0.5%, and 0.4%, respectively, following a shortened Black Friday session that had previously seen the indexes finish higher, marking their strongest weekly performance since June. The S&P 500 and Dow concluded November with marginal increases, marking their seventh consecutive month of gains; however, the Nasdaq experienced its first decline since March.

Bitcoin was trading around 85,500 at 4 p.m., significantly lower than its overnight high of over 91,300, while other prominent cryptocurrencies such as Ethereum and Solana experienced a notable decline as well. Shares of crypto-tied firms Strategy, MARA Holdings, Coinbase Global, Riot Platforms, and Robinhood Markets all experienced declines in the range of approximately 2% to 4%. A majority of the Magnificent Seven large-cap technology companies ended lower, as investors remained concerned about the valuations of major tech firms and expenditures on AI. However, Nvidia shares advanced 1.7% following the announcement of an expanded partnership and a $2 billion investment in Synopsys, whose shares rose nearly 5%, leading the S&P 500 and Nasdaq.

Shopify was the worst-performing stock in the S&P 500 on Cyber Monday, with shares down nearly 6%, after it reported that some merchants were experiencing “issues with accessing Admins and POS systems.” In other developments, shares of Airbus ended the day approximately 6% down in Paris trading on Monday, following a report, which referenced industry sources indicating that the French aircraft manufacturer “has discovered an industrial quality issue affecting fuselage panels of several dozen A320-family aircraft.” On Friday, Airbus stated that “intense solar radiation may corrupt data critical to the functioning of flight controls” on its A320-family planes.

The yield on the 10-year Treasury note increased to nearly 4.10% from 4.01% on Friday, when bond markets concluded trading at 2 p.m. ET. The U.S. dollar index, which monitors the dollar’s performance relative to a selection of foreign currencies, declined slightly to 99.42. WTI crude futures, the U.S. oil benchmark, experienced an increase of 1.7%, reaching $59.50 per barrel, while gold futures rose by 0.4%, settling at $4,270 per ounce.