The Dow Jones Industrial index declined 159.21 points to 44,751.44
The broader index nicked ahead 14.53 points to 6,046.91.
The NASDAQ Composite spiked 194.67 points, or 1%, to 19,412.83.
Intel jumped 4% after CEO Pat Gelsinger retired after four years of underperformance at the chipmaker. Shares of Tesla gained 3% following an upgrade to buy from neutral at Roth MKM, with the firm citing as a catalyst Musk’s close relationship with President-elect Donald Trump.
AI server maker Super Micro Computer surged 31% after a special committee found “no evidence of misconduct” and that the firm’s financial statements were “materially accurate.”
November marked the best month of 2024 for Dow, which gained 7.5% and S&P 500, with the index improving 5.7% for the period. Most of the gains came in a post-election rally after President-elect Donald Trump emerged as the winner. Both of the indexes notched closing highs in Friday’s shortened trading session.
Bitcoin, which traded near $99,000 on Friday following a 38% surge in November, retreated to around $95,000 on Monday as investors were in a bit of a risk-off mood to start the month.
Prices for the 10-year Treasury fell a bit, raising yields to 4.19% from Friday’s 4.18%. Treasury prices and yields move in opposite directions.
Oil prices fell 17 cents to $67.83 U.S. a barrel.
Prices for gold slipped $17.90 an ounce to $2,663.10 U.S.