Stocks fall Monday following 5 straight weeks of gains

Stocks experienced a decline on Monday as investors questioned whether the market had advanced too quickly, following five consecutive weeks of gains.

The Dow Jones Industrial Average, a blue-chip index, fell by 78 points, or 0.2%, while the S&P 500 recorded a 0.7% loss.

The Nasdaq Composite, particularly affected by the selling of Big Tech shares that had been leading market gains this year, saw a decline of 1.1%.

Amidst the stagnation in stocks, both bitcoin and gold exhibited rallies at the beginning of the week. Bitcoin surpassed the $41,000 mark, reaching a 19-month high, while gold achieved its highest nominal intraday level ever, CNBC reported.

READ MORE: https://www.cnbc.com/2023/12/03/stock-market-today-live-updates.html

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