U.S. stock futures fell on Monday morning following a choppy November, which was impacted by concerns about the valuations of artificial intelligence (AI) stocks. Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were down 0.96%, 0.71%, and 0.46%, respectively, at 8:13 a.m. EST on December 1.
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While major indices ended Friday on a positive note, the overall performance in November was not encouraging. The S&P 500 and the DJIA ended November flat, while the Nasdaq Composite declined 1.5%, breaking its seven-month streak of gains.
Meanwhile, major technology stocks, including Nvidia (NVDA), Advanced Micro Devices (AMD), and Broadcom (AVGO), were down in pre-market trading. Moreover, Bitcoin (BTC-USD), the largest cryptocurrency, declined by more than 5% to trade below $86,000, as of the last check. In November, BTC fell below $90,000 for the first time since April and has since struggled to regain that level.
Additionally, Tesla (TSLA) stock was down more than 1% in Monday’s pre-market trading, as the electric vehicle (EV) maker’s November sales declined in key European markets. Also, Coupang (CPNG) shares plunged more than 6% following a massive data breach that may have affected nearly 34 million local customer accounts of South Korea’s e-commerce giant.
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