Stock Market Today: Nasdaq, S&P 500 Decline As Market Returns From Holiday

^DJI +0.39% SNPS +2.52%

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Happy Monday. This is TheStreet’s Stock Market Today for Dec. 1, 2025. You can follow the latest updates on the market here in our daily live blog.

Update: 4:01 p.m. ET

Closing Bell

The U.S. markets are now closed. Despite an attempt to rebound from modest losses in early trading, the major index benchmarks ended out the day in decline. The Russell 2000 (-1.22%) was worst situated among the bunch, speaking to some angst in small cap land. Meanwhile, the Dow (-0.90%) was worst off in large cap land, with 21 of its components falling today. The S&P 500(-0.53%) and Nasdaq (-0.38%) also registered declines, but much less by contrast.

Among the market's best-performers were semiconductor software designer Synopsys (+4.9%), which scored a $2 billion investment from Nvidia. It was joined by Deckers Outdoor (+4.5%), Applovin (+4.1%), and DoorDash (+3.6%). On the other end of the market, Moderna (-6.9%) saw the steepest declines as the Trump FDA announced it would make changes to the vaccine approval process at the agency. It was joined by W.R. Berkley (-6%), Sandisk (-5.9%), and Insulet Corporation (-5%).

Update: 3:04 p.m. ET

In Focus: S&P 500

For a moment, it seemed as though U.S. equities might be on their way to mounting a modest comeback. Unfortunately, no more. The S&P 500 (-0.47%) is now well below its intraday highs, closer to where it started the day.

Here's the index at last glance, which is tilted in favor of the losers -- particularly in industrials, financials, health care, and utilities.

Update: 12:37 p.m. ET

Midday Movers

It feels weird to have a full market day, especially after Thursday's market closure and Friday's early conclusion. Maybe we wish we had it back, but just a little. Only about 56.4% (3,124) issues are declining today, with the Nasdaq (-0.13%) and S&P 500 (-0.21%) soldiering upward in hopes of finishing the trading day in the green.

That said, here are the equities that are making headways today with at least a $2 billion market cap:

Winners

Atop the market today is Bausch Health (+14.8%), which is jumping after making an acquisition through an overseas subsidiary. It's joined by repeat volatility junkie Jyong Biotech (+14.1%), Bath & Body Works (+9.4%, acquisition of The Brand House), and Belite Bio (+9.2%, successful study).

Losers

Today, Falcon's Beyond Global (-14.7%) is back atop (or rather, at the bottom of) the losers list as it continues its days-long correction. It's joined by BillionToOne (-12.8%, declining after recent IPO) and crypto-exposed trades BitMine (-12.6%) and Strategy (-11.4%).

Related: Weekend Update: In Case You Missed It

Update: 9:30 a.m. ET

Opening Bell

Welcome back. After an abbreviated week, the market returns this week -- with just a few more trading sessions left before we put 2025 in the history books.

Its had its ups and downs, between Trump's tariff tumult, rate cut speculation, and a dearth of economic data during the longest-running government shutdown. But nonetheless, it has been historic. There's no taking that away.

This morning, however, has not shared that theme. The Nasdaq (-0.84%) is down nearly 1%, trailed by a sluggish S&P 500 (-0.61%) and Dow (-0.58%). Maybe they've had too much Thanksgiving feast. The Russell 2000 (-1.27%) is in even worse position this morning.

Meanwhile, continuous futures in Crude Oil (+0.72% to $62.83), Gold (+0.55% to $4,278), and Silver (+1.25% to $57.88) are extending their day gains -- and the 10Y Treasury is up 6.6 bits to 4.085%.

Here's what else of note is going on today:

Economic Data + Events

There's a few events and data points due out this morning to keep an eye on. Here's the short list of them, compiled by TradingEconomics:

Bitcoin Continues Decline

The crypto market failed to regain its footing this weekend, with Bitcoin and Ethereum remaining below $87K and $2.9K, respectively. The result is a slew of crypto-exposed U.S. equities in the hole this morning.

Robinhood (-4%) and Coinbase (-3.8%) are both seeing declines this morning, joined by other crypto names such as Bitfarms (-6%), Hut 8 Corp (-3.2%), and Riot Platforms (-2.6%).

In addition, bitcoin treasury play Strategy (-7.4%) is extending a weeks-long decline after announcing a $1.4 billion reserve for covering dividends and debt payments. This is the company's lowest price since Oct. 2024, reflecting the feeling of angst which have gripped the crypto market.

Synopsys Scores $2 Billion Nvidia Investment

Synopsys (+4%) is rising this morning after picking up a budding new investor: Nvidia. The chip giant agreed to invest $2 billion in the chip design software creator, which was last valued at over $80 billion.

Earnings Today: Credo Technology, MongoDB, Hafnia Limited

Monday has a reputation for being a slow day for earnings, especially on the edges of the earnings season. Today is no exception, as Credo Technology, MongoDB, and Hafnia are among the few reports slated for today.

This story was originally published by TheStreet on Dec 1, 2025, where it first appeared in the Latest Business & Market News section. Add TheStreet as a Preferred Source by clicking here.