U.S. Stocks Close Lower; Tesla (TSLA.US) Bucks Trend with 3.5% Gain

Stock News12-16 06:26

On Monday, major U.S. stock indices declined as investors braced for a series of upcoming economic data releases and central bank rate decisions. The delayed November nonfarm payrolls report, along with October retail sales data, will be released on Tuesday, followed by the November Consumer Price Index (CPI) on Thursday. The Bank of England and European Central Bank will announce rate decisions on Thursday, while the Bank of Japan will follow on Friday.

**U.S. Markets**: The Dow Jones fell 41.49 points (0.09%) to close at 48,416.56, while the Nasdaq dropped 137.76 points (0.59%) to 23,057.41. The S&P 500 slipped 10.90 points (0.16%) to 6,816.51. Tesla (TSLA.US) surged over 3.5%, while MicroStrategy (MSTR.US) tumbled more than 8%. The Nasdaq Golden Dragon China Index slid 2.17%, with Alibaba (BABA.US) down over 3%.

**European Markets**: Germany’s DAX 30 edged up 0.22 points (flat) to 24,211.59, and the UK’s FTSE 100 climbed 105.32 points (1.09%) to 9,754.35. France’s CAC 40 rose 56.26 points (0.70%) to 8,124.88, and the Euro Stoxx 50 gained 26.59 points (0.46%) to 5,747.30. Spain’s IBEX 35 advanced 183.53 points (1.09%) to 17,037.93, and Italy’s FTSE MIB jumped 585.55 points (1.35%) to 44,099.50.

**Asia-Pacific Markets**: Japan’s Nikkei 225 fell 1.3%, South Korea’s KOSPI dropped over 1.8%, and Indonesia’s Composite Index declined 0.13%.

**Forex & Commodities**: The U.S. dollar index dipped 0.09% to 98.306. Bitcoin slid over 2% to $86,060, briefly dipping below $86,000, while Ethereum lost nearly 4%, falling under $3,000. Spot gold rose 0.13% to $4,305.65/oz, and silver edged down 0.05% to $64.06/oz.

**Oil**: NYMEX January 2026 crude futures fell $0.62 (1.08%) to $56.82/barrel, while Brent February futures dropped $0.56 (0.92%) to $60.56/barrel.

**Macro Highlights**: - Fed Governor Mester signaled he may stay past his January term expiration until a successor is confirmed. - NY Fed’s Williams noted the Fed has returned to "ample" reserve levels, prompting recent bond purchases. - Boston Fed’s Collins cited shifting inflation risks as rationale for supporting last week’s rate cut. - Nasdaq plans to file for 23-hour trading (5X23 model), splitting sessions into daytime (4 AM–8 PM ET) and overnight (9 PM–4 AM ET).

**Corporate Updates**: - **Tesla (TSLA.US)**: Elon Musk’s net worth hit $677B amid SpaceX’s $800B valuation surge. - **Ford (F.US)**: Scrapped several EV models, taking a $19.5B writedown, and pivoted to hybrids. - **Chevron (CVX.US)**: Cut Venezuelan crude prices amid U.S. sanctions pressure. - **BlackRock (BLK.US)**: Lost a €5B mandate from Dutch pension fund PME over climate policy disagreements.

Goldman Sachs raised its 2026 copper price forecast to $11,400/ton, citing reduced U.S. tariff risks.

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