Tesla Aims for Record Peaks as Bitcoin Drops to $86,000: Market Movers for Monday
Market Overview: Wall Street remained mostly unchanged as investors showed caution ahead of significant economic data releases, including payroll and retail sales figures, with major indexes hovering near flat levels.
Interest Rate Expectations: Market expectations for interest rate cuts have shifted, with only a 24% probability assigned to a rate cut in January, and traders now anticipating easing to be more concentrated in the second half of 2026.
Stock Performance: Tesla Inc. saw a notable increase of over 4%, continuing its upward trend, while ServiceNow Inc. and Zillow Group Inc. faced significant declines of nearly 11% each due to downgrades and competitive pressures.
Commodities and Cryptocurrencies: Silver prices rebounded, while cryptocurrencies weakened, with Bitcoin and Ethereum both experiencing declines, reflecting broader market volatility.
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