Stock market today: Dow, S&P 500, Nasdaq futures retreat from rally in downbeat start to December

Market Overview - US stock futures retreated on Monday, with Dow Jones Industrial Average futures sliding approximately 0.5%, S&P 500 contracts dropping 0.6%, and Nasdaq 100 futures falling 0.7% [1][2] - Bitcoin experienced a significant decline, dropping as much as 6% to below $86,000, indicating a risk-off sentiment in the market [2][21] Economic Indicators - December is typically a strong month for stocks, but strategists suggest that the expected Santa rally may not occur this year due to heightened uncertainty from various events, including President Trump's tariff push [3][11] - Focus remains on the Federal Reserve's interest rate decisions, with over 85% of bets anticipating a quarter-point reduction at the upcoming meeting [4][10] Company-Specific Developments - Coupang Inc. stock fell 8% in premarket trading following a significant data leak, highlighting vulnerabilities in South Korea's cyber defenses [6] - New Fortress Energy stock surged 22% after receiving contract approval from Puerto Rico regulators, despite concerns over rising debt [7] - Strategy stock declined 4% in premarket trading, impacted by the ongoing cryptocurrency sell-off [7] Commodity Market - Silver prices increased nearly 2% to a new all-time high, trading above $58 an ounce, driven by tight supply and expectations of a US interest rate cut [8][9] - Oil prices rose as a key pipeline linking Kazakh fields to Russia's Black Sea coast halted loading due to an attack, with Brent trading above $63 [14][17]