US stocks fall to their first loss in 6 days as bitcoin tumbles

Market Overview - U.S. stocks experienced a decline after last week's rally, with the S&P 500 falling 0.5%, the Dow Jones Industrial Average dropping 427 points (0.9%), and the Nasdaq composite decreasing by 0.4% [1] - The recent rally was driven by optimism regarding a potential interest rate cut by the Federal Reserve, with traders estimating an 85% chance of a cut at the next meeting [2] Bond Market - Yields for longer-term Treasurys rose, influenced by a global increase in yields following comments from the Bank of Japan about a possible interest rate hike [3] - Higher bond yields can divert investment away from stocks and cryptocurrencies, negatively impacting prices of expensive investments [3] Cryptocurrency Market - Bitcoin's price fell to approximately $85,500, a decline of about 6% from the previous day, which negatively affected stocks in the crypto sector [4] - Companies like Coinbase Global and Robinhood Markets saw declines of 4.8% and 4.1%, respectively, due to the drop in Bitcoin's value [4] Company-Specific News - Strategy, formerly known as MicroStrategy, reported a 3.3% loss after selling stock and raising $1.44 billion in U.S. dollars to cover dividends and debt interest [5] - Synopsys shares rose by 4.9% following Nvidia's announcement of a $2 billion investment in the company as part of an expanded partnership [6] Retail Sector - The market had mixed reactions to the holiday shopping season, with consumer spending during Black Friday and Cyber Monday expected to exceed expectations [7] - Williams-Sonoma's stock increased by 1.3%, while Best Buy's stock fell by 2.6% [7] International Markets - In international markets, indexes showed mixed results, with France's CAC 40 declining by 0.3%, partly due to a 5.8% loss for Airbus following a software glitch affecting its A320 passenger jets [8]