Markets News, Dec. 4, 2023: Stocks Fall as Gold Retreats From … – Investopedia

Stocks fell Monday as Bitcoin surged and gold slipped from a record high at the outset of a week chock-full of labor market data that could bolster or undermine expectations for a more dovish Fed.

The Nasdaq fell 0.8% Monday, while the S&P 500 lost 0.5% and the Dow Jones Industrial Average slipped 0.1%.

Bitcoin traded above $41,000 for the first time since April 2022, right before the Terra stablecoin proved to be not so stable.

Meanwhile, gold surged Sunday evening to a record high of over $2,100. The metal has risen relatively steadily in the last two months as the conflict in the Middle East has increased demand for safe havens.

Investors will get plenty of labor market updates this week, with October’s Job Openings and Labor Turnover Survey (JOLTS) coming on Tuesday, payroll provider ADP’s employment report on Wednesday, and the government’s employment report on Friday.

November’s rally started to cool off last week, with the S&P 500 and Nasdaq rising less than 1% over…

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