The Economic Times·2025-12-03 01:53Market Overview - U.S. equities experienced a decline on Monday due to soft manufacturing data, rising U.S. Treasury yields, and a drop in bitcoin and crypto-related stocks, but recovered somewhat as bond yields eased and bitcoin rebounded [1][6] - The Dow Jones Industrial Average rose by 185.13 points (0.39%) to 47,474.46, the S&P 500 gained 16.74 points (0.25%) to 6,829.37, and the Nasdaq Composite increased by 137.75 points (0.59%) to 23,413.67 [8][9] Sector Performance - Boeing surged by 10.1%, significantly boosting the Dow, after forecasting higher deliveries for its 737 and 787 jets next year, contributing approximately 117 points to the index [8][9] - The technology sector rose by 0.8%, driven by gains in major companies such as Apple, Nvidia, and Microsoft, each up about 1%, while Intel shares saw a notable increase [5][9] Economic Indicators - Recent data indicates a gradually cooling economy, prompting policymakers to exercise caution regarding potential rate cuts, as inflation pressures could resurface [6][9] - Market expectations for a 25 basis point rate cut at the Federal Reserve's December meeting have surged to 89.2%, up from 63% a month ago, following comments from several Fed officials [6][9] Consumer Insights - Positive consumer sentiment was noted from Black Friday and Cyber Monday data, suggesting strength in consumer spending, which is viewed favorably compared to underlying market volatility [2][3] Cryptocurrency Market - Crypto stocks saw gains, with Strategy up 5.8% and Coinbase up 1.3%, as bitcoin prices rebounded after experiencing its largest dollar loss since May 2021 [7][9] Market Dynamics - Advancing issues outnumbered decliners by a 1.01-to-1 ratio on the NYSE, while on the Nasdaq, declining issues outnumbered advancers by a 1.07-to-1 ratio [8][9] - The S&P 500 recorded 11 new 52-week highs and three new lows, while the Nasdaq Composite noted 70 new highs and 100 new lows [8][9] - Trading volume on U.S. exchanges was 15.35 billion shares, below the 18.42 billion average over the last 20 trading days [8]