Dow, S&P 500, Nasdaq Edge Higher as Wall Street Stabilizes and Bitcoin Slips

​US stocks were steadier on Tuesday, extending a tentative rebound after a shaky start to December that saw equities and crypto fall in unison. The S&P 500 rose 0.2% while the Nasdaq Composite added about 0.6%, helped by strength in semiconductors and select tech names. The Dow Jones Industrial Average climbed 0.4% as investors rotated back into large-cap industrials following Monday’s pullback.

Market sentiment improved as traders looked past the risk-off tone that dominated the prior session, when all three indexes snapped five-day winning streaks. With December historically a strong month for equities, investors are now weighing whether the seasonal rally can reassert itself despite elevated inflation concerns, heavy AI-related spending, and lingering uncertainty surrounding tariff policy.

​Market Movers:

• Eventbrite (EB) +79% – Shares skyrocketed after the company agreed to be taken private by tech group Bending Spoons in an all-cash deal valued at roughly $500 million. Executives said the transaction will accelerate product upgrades, including expanded messaging tools and AI-powered event-creation features.
• MongoDB (MDB) +24% – The stock surged after the company delivered strong quarterly results and raised both revenue and earnings guidance. Management signaled momentum across enterprise customers, lifting its full-year forecast above Wall Street expectations.
• Credo Technology (CRDO) +15% – Shares jumped following a standout earnings report in which revenue grew 272% year over year. The company also issued guidance far above consensus, citing strengthening demand tied to AI infrastructure.
• Boeing (BA) +6% – The stock climbed after the CFO said the company’s recovery is “in full force,” reaffirming expectations to close the Spirit AeroSystems acquisition this year. Boeing also projected higher aircraft deliveries in 2026 and anticipates shifting back into positive free cash flow.
• Janux Therapeutics (JANX) –42% – Shares fell sharply despite promising interim clinical data for its prostate cancer treatment. Investors appeared concerned about variability in response rates and the timeline for larger trials.
• Symbotic (SYM) –7% – The stock declined after Goldman Sachs cut its rating to Sell, suggesting the market has priced in too much growth. Analysts pointed to softer bookings outside the company’s largest partner.
• IREN (IREN) –6% – Shares slipped after the company announced $2 billion in new convertible note offerings and additional equity plans to restructure debt. Investors reacted cautiously to the scale and potential dilution of the financing.

Bitcoin’s Rebound Fails to Lift Sentiment

Bitcoin traded slightly higher on Tuesday after Monday’s steep drop, briefly returning above $91,000 following a plunge to $84,000 — its worst single-day decline since March. The recovery offered some relief to crypto-linked stocks, which were hit hard during the prior session. Analysts noted that reduced liquidity across exchanges has made the asset especially vulnerable to macro shocks, including shifting expectations around Japanese interest rates.

Still, traders say sentiment remains fragile following heavy outflows from Bitcoin ETFs in November and a multi-week failure to break through the $92,000 level. With volatility climbing and leverage unwinding, crypto remains a drag on broader risk appetite.

Tech and AI Names Regain Footing

The market’s mood improved further as large-cap tech stabilized. Nvidia rose after commentary from its CFO indicated that its massive investment in OpenAI is still under negotiation, even as competitive pressures intensify. Intel also jumped to a 52-week high amid reports that it could become a chip supplier to Apple within two years — a potential milestone in its foundry ambitions.

OpenAI remained in the spotlight after CEO Sam Altman declared a company-wide “code red” to accelerate improvements to ChatGPT as competition tightens. Analysts said the move underscores the intensity of the AI race, which continues to drive capital expenditure across the sector.

Industrial Updates Shape the Dow

Boeing’s rally helped lift the Dow as the aerospace giant outlined stronger delivery expectations for 2026. Meanwhile, Energy Secretary Chris Wright discussed a proposal to tap backup generators at major retailers and data centers to combat rising electricity costs — an initiative that could impact suppliers across the power and industrial equipment landscape. Shares of generator manufacturer Generac initially rose before paring gains.

Looking Ahead

With the Federal Reserve’s December 9–10 meeting fast approaching, markets are intensely focused on the path of interest rates. Traders now assign an 87% probability to a quarter-point cut, and this week’s incoming data — including delayed inflation readings — will shape expectations. Earnings from Marvell, CrowdStrike, and Okta add to the week’s catalysts, but investors remain attuned to signs of whether a year-end rally can reestablish momentum in the face of volatile crypto markets, mixed economic signals, and persistent macro uncertainty.