Stocks Retreat from Records, Bitcoin Nears All-Time High
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S&P 500 and Nasdaq closed lower on Monday, retreating from last week's record highs. Bitcoin marched closer to a new all-time high above $67,000.
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Tesla stock fell to new multi-week lows amid slowing China shipments and new price cuts. Nvidia hit fresh highs amid semiconductor and AI enthusiasm.
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Apple shares dropped 3% after being slapped with a $2 billion EU antitrust fine. The company is also bracing for a US lawsuit from the Justice Department.
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Gas prices saw sharp increases recently amid refinery issues and higher oil. Expect "stark increases" at the pump ahead, says one analyst.
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Cryptocurrencies were on the march Monday. Bitcoin approached its November 2021 record near $69,000. Ethereum topped $3,500.