Wall Street closed lower on Monday, with the Nasdaq Composite, S&P 500, and Dow all ending in negative territory due to drops in Bitcoin and cautious investor sentiment ahead of key economic reports and Federal Reserve announcements. The Dow Jones Industrial Average fell 0.9%, the Nasdaq Composite declined 0.4%, and the S&P 500 lost 0.5%.

The fear gauge, the CBOE Volatility Index (VIX), rose by 5.4% to 17.24, with a total of 15.64 billion shares traded on Monday. The S&P 500 posted 17 new 52-week highs and one new low, while the Nasdaq Composite recorded 76 new highs and 78 new lows. Bitcoin’s price dropped 6% to $85,800, continuing its November decline.

Shares of Coinbase Global, Inc. (COIN) and Strategy Inc. (MSTR) fell 4.8% and 3.3%, respectively, as the market awaits upcoming economic data releases and the Federal Reserve meeting from Dec. 9-10. The ISM Manufacturing Index for November came in at 48.2, lower than the consensus of 49.1 and October’s 48.7.

Read more at Nasdaq: Stock Market News for Dec 2, 2025