S&P 500 closed Tuesday 12/2 at 6829, up 0.2% #F'ing Bitcoin up 6.0%. still underwater YTD. #Boring day OTW [View all]
Last edited Tue Dec 2, 2025, 05:27 PM - Edit history (215)
The S&P 500 is off 0.9% from its Oct 28 all-time high. It was down more than 5% seven trading days ago, which was pullback territory (Pullbacks start at 5% down, Corrections start at 10% down, Bull markets start at 20% down.).
In the future I will only be doing these twice a week: Tuesday and Friday, unless it's really interesting.
10 Year TREASURY YIELD 4.09% on 12/02, -0.01 (It local-bottomed out at 3.95% 10/22/25, its lowest point since April.)
https://finance.yahoo.com/quote/%5ETNX/
Bitcoin: (at 5:00 PM ET 12/02 ) 91,500 up 6.0% for the day (BIG DAY) but up only 0.4% from Friday's posting. It has wiped out all its gains for 2025 -- it ended 2024 at $93,429. It's in bear market territory, down more than 20% from it's $126,000+ all-time high in October (actually down 27% from that level)
Market news of the day: https://finance.yahoo.com/
Stock market today: Dow, S&P 500, Nasdaq rise as bitcoin rockets back above $90,000, Yahoo Finance, 12/2/25
https://finance.yahoo.com/news/live/stock-market-today-dow-sp-500-nasdaq-rise-as-bitcoin-rockets-back-above-90000-210121108.html
How major US stock indexes fared Tuesday, AP, 12/2/2025, - this has for the 4 major indexes (S&P 500, Dow, NASDAQ, Russell 2000 (small caps) -- For the day, for the week (since Friday's close), and for the year (since the December 31 close)
https://finance.yahoo.com/news/major-us-stock-indexes-fared-211722665.html
Excerpting the Yahoo Finance link above:
The S&P 500 (^GSPC) rose 0.3%, while the tech-heavy Nasdaq Composite (^IXIC) added roughly 0.6% as iPhone maker Apple (AAPL) notched another record close. The Dow Jones Industrial Average (^DJI) gained 0.4%.
In another sign of recovering spirits, bitcoin (BTC-USD) rose to trade above $91,000, putting the brakes on a weeks-long skid in its best day since April. On Monday, the top cryptocurrency tumbled to as low as $84,000 in its worst day since March. Meanwhile, shares of crypto-linked names like Coinbase (COIN) and Robinhood (HOOD) also turned upbeat after getting hit the day before.
Investors are now watching for catalysts that could revive a year-end rally, against a background of persistent concerns over stubborn inflation, stretched market valuations and the uncertain payoff from heavy AI spending.
Bets on Federal Reserve easing have ramped up sharply ahead of the central bank's two-day meeting next week. Markets are pricing in an 87% probability of a cut on Dec. 10, up significantly from mid-November, according to the CME FedWatch tool.
Scroll down to see earlier in the day reports
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Coming up, reports
https://www.marketwatch.com/economy-politics/calendar
Monday Dec 1 - S&P PMI and ISM's manufacturing reports (non-govt) - ICYMI - headlines I saw didn't look all that good
Wednesday Dec 3 - ADP employment, (non-govt)
. . . S&P PMI and ISM's service reports (non-govt)
Friday Dec 5 - PCE inflation -- the Fed's favorite inflation gauge, which I think sucks because it fully includes substitution effects, e.g. if a lot of consumers switch from soaring priced beef to turkey necks, this causes meat prices to rise less steeply or even fall (govt: the Commerce Dept)
. . . Personal spending and personal income (govt: the Commerce Dept)
. . . Consumer sentiment (non-govt)
Revised release dates for Bureau of Labor Statistics reports: https://www.bls.gov/bls/2025-lapse-revised-release-dates.htm
The October's CPI report has been cancelled and the November CPI won't be released prior to the Fed's December 10 rate-setting meeting. The November report was originally scheduled for 830 AM ET Dec 10, - several hours before the Fed's decision.
On November 21 we learned that they won't see the November jobs report until days after their meeting. And there won't be an October jobs report. The headline non-farm payrolls part for October will be presented with the November data, but again the November report won't come out until days after their meeting. The October unemployment rate will never be presented
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The S&P 500 closed Tuesday December 2 at 6829, up 0.2% for the day,
and up 18.1% from the 5783 election day closing level,
and up 13.9% from the inauguration eve closing level,
and up 16.1% year-to-date (since the December 31 close)
and down 0.9% from its October 28 all-time-high
S&P 500
# Election day close (11/5/24) 5783
# Last close before inauguration day: (1/17/25): 5997
# 2024 year-end close (12/31/24): 5882
# Trump II era low point (going all the way back to election day Nov5): 4983 on April 8
# October 28 all-time-high: 6890.90
# Several market indexes: https://finance.yahoo.com/
# S&P 500: https://finance.yahoo.com/quote/%5EGSPC/
https://finance.yahoo.com/quote/%5EGSPC/history/
Bitcoin
Bitcoin ended 2024 at $93,429. https://finance.yahoo.com/quote/BTC-USD/
Bitcoin's all-time interday high: 126,198 on Oct. 6
Bitcoin's all-time closing high: 124,753 on Oct 6.
https://finance.yahoo.com/quote/BTC-USD/history/
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I'm not a fan of the DOW as it is a cherry-picked collection of just 30 stocks that are price-weighted, which is silly. It's as asinine as judging consumer price inflation by picking 30 blue chip consumer items, and weighting them according to their prices. But since there is an automatically updating embedded graphic, here it is. It takes several, like 6 hours, after the close for it to update, like about 10 PM EDT.
(If it still isn't updated, try right-clicking on it and opening in a new tab. #OR# click on https://finance.yahoo.com/quote/%5EDJI/ ).
The Dow closed Monday at 47,289, and it closed Tuesday at 47,474, a rise of 0.4% (185 points) for the day
https://finance.yahoo.com/
DOW: https://finance.yahoo.com/quote/%5EDJI/
. . . . . . https://finance.yahoo.com/quote/%5EDJI/history/
DOW
# Election day close (11/5/24) 42,222
# Last close before inauguration day: (1/17/25): 43,488
# 2024 year-end close (12/31/24): 42,544
DJIA means Dow Jones Industrials Average. It takes about 6 hours after the close to update, so check it after 10 PM EDT. Sometimes it takes a couple days (sigh)
I don't have an embeddable graph for the S&P 500, unfortunately, but to see its graph, click on https://finance.yahoo.com/quote/%5EGSPC/
While I'm at it, I might as well show Oil and the Dollar:
Crude Oil
US Dollar Index (DX-Y.NYB)
If you see a tiny graphics square above and no graph, right click on the square and choose "load image". There should be a total of 3 graphs. And remember that it typically takes about 6 hours after the close before these graphs update.
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