Stocks Pull Back Ahead of Jobs Report; Bitcoin and Airlines Soar
• Stocks pulled back on Monday after a blistering rally in November, with the key monthly jobs report on the horizon. The S&P 500 lost 0.5%, while the Dow shed 0.1%.
• Bitcoin prices topped $41,000, reaching levels last seen before the 2022 crypto rout, as investors expect the SEC to approve US spot bitcoin ETFs in January.
• Hawaiian shares skyrocketed about 190% after Alaska Air said it will pay close to four times Friday’s closing price to buy the troubled fellow airline.
• Uber stock rose nearly 5% on news it will join the S&P 500 benchmark index, which could help attract more investors and reduce volatility.
• Virgin Galactic shares tanked as much as 15% after founder Richard Branson said he won’t invest any more cash into the space travel company.