US stock market moved higher on Tuesday as Wall Street regained stability after a rough start to December. The rebound came after Monday’s steep losses ended five-day winning streaks across the major indexes. The S&P 500 rose 0.32% to 6,834.62. The Dow inched up 0.05% to 47,315.16. The Nasdaq gained 0.79% to 23,459.54. The tone stayed cautious, but traders welcomed signs that the risk-off mood may be easing.
Bitcoin steadied after Monday’s 8% plunge that briefly pushed it to $84,000. The world’s largest cryptocurrency rebounded to trade near $89,200, up over 3%. Sentiment also improved across crypto-linked names. Coinbase rose 1.8%. MicroStrategy added close to 2%. Robinhood ticked higher. Traders pointed to bargain-hunting and improving liquidity after panic selling tied to rate concerns in Japan and a DeFi hacking incident. Despite the bounce, bitcoin remains more than 30% below its record high near $126,000.
Nvidia stock climbed 2.83% to $185.01 as appetite returned to large-cap tech. Intel also gained more than 2% and Marvell traded firmer ahead of earnings. A report suggesting Marvell is in advanced talks to acquire Celestial AI lifted the stock in pre-market trading. Chipmakers continued to draw attention as investors assess whether AI-driven capital spending can support valuations in the final month of the year.
Traders kept a close watch on incoming government data and the Federal Reserve’s next steps. Markets are pricing an 87% chance of a rate cut at the Fed’s December 10 meeting. Monday’s weak factory data, partly attributed to tariff pressures, did little to shift expectations. No major economic releases are due Tuesday, and investors are now focused on the September consumer inflation reading due later this week—one of the last key signals before the Fed decision.
US stocks edge higher as Wall Street stabilizes after a shaky start to December
US stocks moved slightly higher on Tuesday as Wall Street tried to regain momentum after a volatile start to December. The S&P 500 rose 0.3%. The Dow Jones Industrial Average added about 0.3%. The Nasdaq Composite gained nearly 0.5%. Investors looked for a calmer session after Monday’s sharp risk-off reaction that rattled both stocks and crypto.
Market sentiment improved as bitcoin steadied above $88,000 following its worst day since March. Monday’s sell-off took the cryptocurrency down to $84,000 before buyers stepped in. Shares of Coinbase, Robinhood, and other crypto-linked names also bounced back.
Tuesday’s early gains followed a rough start to the month. All three major indexes snapped their five-day winning streak on Monday. December is usually a strong month for equities, but this year’s opening session revived questions about whether a Santa Claus rally is still possible.
The Dow last traded near 47,334, up 0.10% as of mid-morning. The S&P 500 climbed to 6,834, gaining 0.32%. The Nasdaq outperformed, rising 0.79% to 23,459. Investors grew more optimistic as broader markets shrugged off Monday’s risk aversion.
Top stocks today
- Polyrizon (PLRZ) surged 119.15% to $6.92 with massive 52M volume, extending its steep 52-week range move.
- Nvidia (NVDA) traded at $185.01, up 2.83% with 18M shares exchanged.
- Eventbrite (EB) jumped 78.83% to $4.43 on heavy volume.
- Taoping (TAOP) climbed 30.85% to $2.80.
- Intel (INTC) gained 2.11% to $40.85.
Decliners included IREN Limited (-6.66%), NewGenIVF (-30.10%), and American Bitcoin Corp (ABTC) which fell 41.06%.
How is crypto affecting broader market sentiment today?
Bitcoin regained some of its losses. BTC jumped more than 3% from Monday’s low, trading around $89,200 in the afternoon session. The recovery helped ease pressure across the crypto sector. XRP gained. Ether slipped slightly, down 0.3%.
Monday’s plunge came after concerns that Japan’s central bank may hike rates. A hack on a DeFi platform worsened the sell-off. Analysts described the drop as a temporary shakeout rather than a deeper crypto winter.
Crypto stocks reacted quickly. Coinbase gained 1.8%. MicroStrategy added 1.7%. Robinhood rose 1.3%. The rebound provided another signal that risk appetite is stabilizing.
What’s driving the market ahead of the Fed meeting?
Investors are preparing for next week’s Federal Reserve meeting. Markets are pricing in an 87% probability of a rate cut on Dec. 10, according to CME’s FedWatch tool. That is sharply higher than expectations in mid-November.
Fresh economic data is trickling out after delays in government reporting. Signs of weakness in US factory activity, tied partly to tariff impacts, did not significantly change rate expectations. Traders are focused on the upcoming inflation report, with the September consumer inflation index set for release later this week.
Markets are searching for catalysts that could support a year-end rally. At the same time, investors remain cautious about stubborn inflation, high valuations, and whether AI-related spending will deliver returns soon enough.
Marvell Technology will report earnings after the bell. The stock rose in premarket trading following a report that the company is in advanced talks to buy Celestial AI in a multibillion-dollar deal. The move could expand Marvell’s AI hardware footprint.
Cybersecurity names CrowdStrike and Okta also report today, though the earnings calendar remains light overall.
Why Michael and Susan Dell’s $6.25 billion donation is making headlines
A major philanthropic announcement added to the day’s developments. Michael and Susan Dell pledged $6.25 billion to support President Trump’s new child investment program, known as “Trump Accounts.” The donation aims to provide 25 million children with a $250 incentive deposit once the Treasury launches the accounts on July 4, 2026. The donation is one of the largest private gifts to US children in modern history.