On Monday, major U.S. stock indices fell, with Bitcoin dropping below the $92,000 threshold. Federal Reserve Governor Christopher Waller reiterated his stance that the central bank should cut rates again at its December meeting, citing a weakening labor market and monetary policy's adverse impact on middle- and low-income consumers.

**U.S. Stocks**: At market close, the Dow Jones Industrial Average fell 557.24 points, or 1.18%, to 46,590.24. The Nasdaq Composite dropped 192.51 points, or 0.84%, to 22,708.07, while the S&P 500 declined 61.7 points, or 0.92%, to 6,672.41. Alphabet (GOOG.US), recently added to Warren Buffett’s portfolio, gained over 3% against the market trend. Meanwhile, Apple (AAPL.US) fell more than 1.8%, Nvidia (NVDA.US) dropped 1.88%, and Coinbase (COIN.US) slid over 7%.

**European Stocks**: Germany’s DAX 30 lost 283.38 points, or 1.19%, closing at 23,603.69. The UK’s FTSE 100 dipped 22.72 points, or 0.23%, to 9,675.65, and France’s CAC 40 declined 51.07 points, or 0.63%, to 8,119.02. The Euro Stoxx 50 fell 52.32 points, or 0.92%, to 5,641.45. Spain’s IBEX 35 dropped 182.30 points, or 1.11%, to 16,169.40, while Italy’s FTSE MIB decreased 219.69 points, or 0.50%, to 43,775.00.

**Crude Oil**: December-delivery WTI crude futures fell 18 cents, or 0.3%, to $59.91 per barrel. January Brent crude futures dropped 19 cents, or 0.3%, to $64.20 per barrel.

**Cryptocurrencies**: Bitcoin fell over 2.5%, slipping below $92,000, while Ethereum declined more than 3%, breaching the $3,000 level.

**Dollar Index**: The U.S. dollar index, measuring the greenback against six major currencies, rose 0.29% to 99.588. - 1 euro traded at $1.1583, down from $1.1618. - 1 pound was at $1.3146, lower than $1.3165. - 1 dollar bought 155.25 yen, up from 154.56. - 1 dollar exchanged for 0.7965 Swiss francs, higher than 0.7940. - 1 dollar equaled 1.4055 Canadian dollars, up from 1.4026. - 1 dollar fetched 9.4877 Swedish krona, rising from 9.4584.

**Precious Metals**: Spot gold fell 0.97% to $4,045.87 per ounce. Goldman Sachs noted that central banks likely purchased significant gold in November, continuing a trend to hedge against geopolitical and financial risks. The bank reiterated its forecast for gold to reach $4,900 by late 2026, driven by economic uncertainties and ETF inflows.

**Macro Developments**: - **Fed’s Waller** advocated for a 25-basis-point December rate cut as a "risk management" move, emphasizing labor market concerns. - **Analysts** noted fading dip-buying momentum in U.S. stocks, attributing recent volatility to pre-Nvidia earnings anxiety and Fed policy uncertainty. - **UK-EU Steel Tariffs**: The UK is preparing countermeasures against proposed EU steel tariff hikes, which domestic producers warn could trigger a crisis. - **U.S. Treasuries** rebounded partially, with yields dipping 1–3 bps amid expectations for renewed rate-cut bets post-government data resumption.

**Corporate News**: - **Amazon (AMZN.US)** issued $12B in high-grade bonds, its first U.S. corporate debt offering in three years. - **EU Antitrust Scrutiny**: Alphabet (GOOG.US), Amazon Web Services, and Microsoft Azure face potential inclusion under the Digital Markets Act (DMA), which could impose interoperability and data portability rules.

**Ratings Updates**: - Jefferies raised its price target for Sohu (SOHU.US) from $18 to $20. - Stifel lifted Tesla’s (TSLA.US) target from $483 to $508, citing progress in autonomous driving tech.