Investopedia·2025-12-02 01:00Cryptocurrency Market - Bitcoin was trading around $85,500, significantly down from its overnight high of over $91,300, with other major cryptocurrencies like Ethereum and Solana also experiencing sharp declines [1][2][26] - Crypto-related stocks, including Coinbase (COIN) and Robinhood (HOOD), saw declines of approximately 6% as risk-averse sentiment returned to financial markets [26][24] - The price of Bitcoin fluctuated wildly in November, reaching a high near $110,000 before dropping to as low as $82,000, indicating high volatility in the cryptocurrency market [27] Technology Sector - The S&P 500 and Dow finished slightly higher for November, marking seven consecutive months of gains, while the Nasdaq recorded its first losing month since March [2] - A majority of the Magnificent Seven tech companies ended lower, with Nvidia (NVDA) shares rising 1.7% after announcing a $2 billion investment in Synopsys (SNPS), whose shares surged nearly 5% [3][35] - The Magnificent Seven reported third-quarter earnings growth of 18.4%, the slowest since Q1 2023, but excluding Meta's one-time charge, profits grew by 30%, suggesting Wall Street may be underestimating future growth [7][6] Retail and Consumer Spending - Cyber Monday spending is projected to reach $14.2 billion, approximately 6% more than last year, with peak spending expected between 8 p.m. and 10 p.m. [21][22] - Retail spending over the holiday weekend exceeded estimates, indicating strong consumer demand as many Americans began shopping early this year [22] Aerospace Industry - Airbus shares fell about 6% after reports of an industrial quality issue affecting fuselage panels of several dozen A320-family aircraft [4][12] - The company has resolved a software issue that grounded 6,000 A320 jets, but fewer than 100 still require updates due to concerns about solar radiation affecting flight control data [12] Precious Metals Market - Silver prices reached an all-time high, rising over 3% to surpass $59 per troy ounce, with prices nearly doubling since the start of the year, significantly outpacing gold's 60% increase [15][14] - The surge in silver prices is attributed to limited supply and rising investor demand, with expectations of future interest rate cuts further supporting the metal's appeal [15]