The three major US stock indices descended on the first trading day of December, snapping a five-day rally, hampered by the decline in cryptocurrency prices.

The Nasdaq led the decline early on Monday, but the DJIA later marked losses more than Nasdaq, closing down 0.9% or 427 points at 47,289. The Nasdaq ended down 89 points or 0.4% at 23,275. The S&P 500 settled down 36 points or 0.5% at 6,812.

Broadcom (AVGO.US) and Super Micro Computer (SMCI.US) sagged over 4% and 1% respectively, indicating ongoing profit-taking in some AI concept stocks. However, Nvidia (NVDA.US) ticked up 1.7% after investing US$2 billion in Synopsys (SNPS.US), with Synopsys soaring 4.9% against the market trend.

Beyond the tech sector, retailers performed outstandingly. Ulta Beauty (ULTA.US) and Walmart (WMT.US) both rose about 1%, benefiting from the full swing of the holiday shopping season. The State Street SPDR S&P Retail ETF (XRT.US) also hiked against the market, with a cumulative spike of over 6% in the past five trading days.

Bitcoin fell off 8%, briefly dipping below US$84,000, while major player Strategy (MSTR.US) slid more than 3%.
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AASTOCKS Financial News
Website: www.aastocks.com

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Stock & Type	Code	Strike(Call Level)	Last	Effective Gearing
Broadcom (C)	10072	435 (-)	0.620	4.4 X
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