Stock Market Today: Nasdaq, S&P 500 Continue Decline As Market Returns From Holiday

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Happy Monday. This is TheStreet’s Stock Market Today for Dec. 1, 2025. You can follow the latest updates on the market here in our daily live blog.

Update: 9:30 a.m. ET

Opening Bell

Welcome back. After an abbreviated week, the market returns this week -- with just a few more trading sessions left before we put 2025 in the history books. Its had its ups and downs, between Trump's tariff tumult, rate cut speculation, and a dearth of economic data during the longest-running government shutdown. But nonetheless, it has been historic. There's no taking that away.

This morning, however, has not shared that theme. The Nasdaq (-0.84%) is down nearly 1%, trailed by a sluggish S&P 500(-0.61%) and Dow (-0.58%). Maybe they've had too much Thanksgiving feast. The Russell 2000 (-1.27%) is in even worse position this morning.

Meanwhile, continuous futures in Crude Oil (+0.72% to $62.83), Gold (+0.55% to $4,278), and Silver (+1.25% to $57.88) are extending their day gains -- and the 10Y Treasury is up 6.6 bits to 4.085%.

Here's what else of note is going on today:

Economic Data + Events

There's a few events and data points due out this morning to keep an eye on. Here's the short list of them, compiled by TradingEconomics:

Bitcoin Continues Decline

The crypto market failed to regain its footing this weekend, with Bitcoin and Ethereum remaining below $87K and $2.9K, respectively. The result is a slew of crypto-exposed U.S. equities in the hole this morning.

Robinhood (-4%) and Coinbase (-3.8%) are both seeing declines this morning, joined by other crypto names such as Bitfarms (-6%), Hut 8 Corp (-3.2%), and Riot Platforms (-2.6%).

In addition, bitcoin treasury play Strategy (-7.4%) is extending a weeks-long decline after announcing a $1.4 billion reserve for covering dividends and debt payments. This is the company's lowest price since Oct. 2024, reflecting the feeling of angst which have gripped the crypto market.

Earnings Today: Credo Technology, MongoDB, Hafnia Limited

Monday has a reputation for being a slow day for earnings, especially on the edges of the earnings season. Today is no exception, as Credo Technology, MongoDB, and Hafnia are among the few reports slated for today.