Traders work on the floor at the New York Stock Exchange in New York City, US, November 26, 2025.
Brendan McDiarmid | Reuters
US markets may have seen Rocky start to Decemberbut there appears to be some strength in the trading engine to turn around from a turbulent November.
Bitcoin recovered part of its recent decline and technology names rose on Tuesday in the United States, giving stocks a rebound from the previous session’s decline that snapped a five-day winning streak. The recovery indicates that investors’ willingness to take market risks has not disappeared. She just needed a moment to catch her breath.
Other indicators point to confidence continuing to rise at the end of the year.
Investors expect an 89.2% chance of a quarter-point rate cut at the US Federal Reserve’s next meeting on December 10, according to the CME FedWatch tool. These expectations are up sharply from a month ago, when the odds were closer to a coin toss.
Barring any surprises, attention turns back to basics. Markets appear to be “focused instead on better-than-expected earnings expectations for the fourth quarter and calendar year 2026, as well as looking beyond the weak economic correction we are currently seeing to accelerating growth later next year,” said Doug Beth, global equity strategist at the Wells Fargo Investment Institute.
If investors were looking for a story to close out the year, they may have finally found one: cautious optimism doing its best to drown out the noise.
– CNBC’s Sean Conlon and Pia Singh contributed to this story.
What you need to know today
Technology lifts US markets. All three main criteria closed It rose on Tuesday in the United States, on the back of technology gains and a recovery in cryptocurrencies. Stoxx Europe 600 Index I finish Just above the flat line. Shares of German biotech giant Bayer rose after the Trump administration curbed US lawsuits related to its weedkiller product.
Digital asset treasury under the microscope DAT companies – publicly listed entities that hold cryptocurrencies and provide investors with exposure to the underlying digital currency – are Get into focus With cryptocurrency markets falling in recent weeks. As cryptocurrency prices decline, companies trade at a discount on their cryptocurrency holdings, which can create a number of issues.
Late tariffs bite. President Donald Trump’s tariffs may prompt US companies to cut local headcount, according to Business Insider. Data From corporate executives and economic forecasters. The Institute for Supply Management’s November survey showed the employment measure falling 2 points to 44%, its lowest reading since August.
French AI startup launches new models. the He releases By Mistral, one of Europe’s leading AI startups, has included a large model that it claims is “the world’s best open-weight multi-modal and multi-language model”. Mistral It raised 1.7 billion euros In September, which saw participation from Nvidia and Dutch chip equipment manufacturer ASML.
[PRO] Preparing for a crypto winter? The recent decline in Bitcoin price reached 20%, indicating that the cryptocurrency’s bullish trend has turned bearish. But whether there is a true bear market here depends on several factors, analysts say He says.
Finally…
Residential building under construction at China Vanke Co. Isle Maison in Shanghai, China, on Friday, January 17, 2025.
Chilai Shen | Bloomberg | Getty Images
Why China’s real estate market is still looking for the bottom
China’s housing market is flashing new warning signals as the real estate downturn enters its fifth year, as excess inventory drags down housing prices.
Industry data showed that sales of the top 100 developers fell in value by 36% in November compared to the previous year.
Morgan Stanley estimated that average sales of 25 major developers fell 42% year-over-year in November.
— Anik Bao
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2025-12-03 01:51:00