Holiday cheer took a hit as stocks dropped at the beginning of December after a five-day winning streak. The S&P 500 fell 0.5%, Dow was down 0.9%, and the Nasdaq dropped 0.4%. The utility sector, typically a safe bet, led the losses in the stock market.

December kicked off with a rough start, not just for stocks but also for bonds. The iShares 20+ Year Treasury Bond, a popular Treasury ETF, saw a 1.6% decline. Bitcoin also took a hit, trading as low as $83,840 today, significantly lower than its peak of over $120,000 in October.

Read more at Dow Jones & Company: Stocks Fall as Late November Strength Turns Into December Weakness