On December 1 local time, the three major U.S. stock indices closed collectively lower. The Dow Jones Industrial Average fell by 0.9%, dropping over 420 points, the Nasdaq Composite Index declined by 0.38%, and the S&P 500 Index decreased by 0.53%.

Most popular technology stocks declined, with Broadcom falling over 4%, Google and Microsoft dropping more than 1%. NVIDIA rose 1.65%, and Apple gained 1.52%, hitting a historical intraday high of $283.42.

The cryptocurrency and solar energy sectors led the declines, with Sunrun down over 8%, Bit Digital falling more than 5%, and Coinbase dropping over 4%. Strategy, the world's largest cryptocurrency holding institution, saw its intraday decline reach 12% at one point during the day. The company lowered its 2025 profit forecast due to weak Bitcoin performance. Silver stocks, freight, footwear & apparel, and oil & gas led the gains, with Americas Silver Corporation rising over 6%, Nabors Industries gaining more than 3%, and Nike and Crocs both up over 1%.

On individual stocks, chip design software company Synopsys rose over 4%. According to reports from China Fund News, NVIDIA invested $2 billion in chip design software provider Synopsys by purchasing its shares as part of their collaboration in engineering and design. Synopsys is one of the world's largest providers of electronic design automation (EDA) software and services.

Walmart rose nearly 1%, reaching a historical high. According to Securities Daily, as the Cyber Monday shopping event began, large retailers became the market focus. Data from Adobe Analytics estimated that online consumer sales for the day would reach $14.2 billion. Shopify fell 5.9% as its platform experienced system failures for several hours, causing issues for merchants trying to log in.

Chinese assets strengthened, with most Chinese concept stocks rising. The Nasdaq Golden Dragon China Index increased by 0.87%, and the Invesco Golden Dragon China Tech ETF rose 1.61%. On individual stocks, Atour Lifestyle rose over 5%, NetEase gained about 5%, Alibaba increased over 4%, Weibo rose more than 3%, and Pony.ai climbed over 3%. NIO fell over 5%, iQIYI declined more than 4%, and Kingsoft Cloud dropped over 4%.

In commodities, spot gold rose 0.28% to $4,232.12. Shanghai gold's overnight session closed up 0.66%. International silver prices rose for the fifth consecutive trading day, reaching a new high. As of press time, spot silver's historical highest price reached $58.8 per ounce, and Shanghai silver's overnight session also closed up over 5%. So far, spot silver's year-to-date increase has exceeded 100%, significantly higher than spot gold's 60%.

The main U.S. crude oil contract closed up 1.64% at $59.51 per barrel; the main Brent crude oil contract rose 1.49% to $63.31 per barrel. The main Shanghai International Energy Exchange crude oil futures contract overnight session closed up 0.04% at 453.60 yuan per barrel. According to CCTV Finance, attacks on key terminals in the Black Sea raised supply concerns, while OPEC+ maintained its plan to pause production increases in the first quarter of 2026. Multiple geopolitical risks and supply-side factors pushed international oil prices higher.

Regarding cryptocurrencies, as of press time, Bitcoin fell over 5% to $86,415.3, briefly dropping below the $84,000 mark during late-night trading, with a total year-to-date decline of 7.49%. Ethereum dropped over 7% to $2,797.79. According to CoinGlass data, over the past 24 hours, more than 270,000 people globally faced liquidations in cryptocurrencies, with liquidation amounts reaching $993 million.

Additionally, according to CoinGecko data, since the total market capitalization of cryptocurrencies reached a historical high of approximately $4.3 trillion, over $1 trillion has been wiped out.

The market widely believes that at the end of the Fed's two-day policy meeting on December 10, the Fed will announce an interest rate cut. According to the CME FedWatch Tool, the market currently estimates an 87.4% probability of the Fed cutting rates by 25 basis points.