Wall Street’s cautious bounce faded quickly as some tech megacaps lost steam, overshadowing a rally in cryptocurrencies in the wake of a rough start to December. Bonds and the dollar stabilized.
The S&P 500 was little changed, with 300 shares falling. A sense of caution prevailed after a report that OpenAI’s Sam Altman is redirecting internal resources to speed up improvements to ChatGPT, declaring a “code red” situation that will delay work on other initiatives. Tesla Inc. led losses in megacaps as Michael Burry called the shares “ridiculously overvalued.”
https://www.bloomberg.com/news/articles/2025-12-01/stock-market-today-dow-s-p-live-updates
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