U.S. Stocks Fall From Record Highs; Dollar Gains: Markets Wrap
- MSCI World jumps 13% in November, biggest increase on record
- Bitcoin climbs to all-time high; Gold extends decline
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U.S. stocks fell from records as investors assessed the prospects for risk assets after a blistering month long rally. The dollar strengthened.
The S&P 500 dropped the most in more than a week, though the benchmark index still registered its best month since April. Global stocks and American small caps posted their best months on record. Broad selling sent the Dow Jones Industrial Average lower. The tech-heavy Nasdaq indexes that trailed in November fared better, briefly touching another record high on Monday. Gold slumped and Bitcoin rallied back to an all-time high.