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CLARITY delayed by Coinbase: Wall St vs Crypto clash
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Wall Street Today: S&P 500, DJIA and Nasdaq Composite Gain as Bitcoin, Ether and Boeing Rise

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Jerry Kronenberg joined discussion · Dec 2, 2025 14:48
The Dow-30, S&P 500 and Nasdaq Composite all rose Tuesday on a cryptocurrency rebound, big gains for key index component Boeing and a rally by tech giants MongoDB and Credo on well-received quarterly results.
The $Nasdaq Composite Index (.IXIC.US)$ added 137.75 points (0.6%) to a 23,413.67 close, while the $Dow Jones Industrial Average (.DJI.US)$ rose 185.13 ticks (0.4%) to 47,474.46 and the $S&P 500 Index (.SPX.US)$ gained 16.74 points (0.3%) to 6,829.37.
Macro
The key indexes rose in a large measure on a rebound for Bitcoin and other cryptocurrencies, which had fallen sharply on Monday.
But Tuesday, $Bitcoin (BTC.CC)$ added 6.7% to $91,143.22 as of shortly before 3:45 p.m. New York time, while $Solana (SOL.CC)$gained 11.6% to $138.98, $Ethereum (ETH.CC)$ strengthened 8.6% to $2,990.49 and $Ripple (XRP.CC)$rose 7.3% to $2.16.
That seemed to reassure markets, which have been adopting a "risk-off" mood in recent weeks after cryptocurrencies and Big Tech stocks pulled back from the record highs that many set a month or so ago.
Adding to Tuesday's positive tone, $Boeing (BA.US)$ gained 10.2% after its CFO said the airplane maker will turn cash-flow positive in 2026 for the first time since 2023. Boeing, a major DJIA and S&P 500 component, also won a $104.4 million U.S. Navy contract to repair select military-aircraft displays.
Separately, tech players $MongoDB (MDB.US)$ (up 22.2%) and $Credo Technology (CRDO.US)$ (10.1% better after earlier hitting an intraday record high) soared on well-received quarterly earnings.
In economic news, the National Retail Federation reported Tuesday that a record estimated 202.9 million American consumers shopped during the five-day period between Thanksgiving Day and Cyber Monday that traditionally marks the U.S. holiday-shopping season's start.
That's up from the 197 million estimated shoppers during the same period last year, as well as the highest total recorded since the NRF began tracking such data in 2017. However, the trade group doesn't estimate how much shoppers actually spent.
Meanwhile, U.S. President Donald Trump said Tuesday that he'll announce early next year his nominee to replace Federal Reserve Chair Jerome Powell, whose term ends next May and whom the president has often clashed with.
In remarks to reporters Tuesday, Trump called National Economic Council Director Kevin Hassett – who many see as frontrunner for the job – "a potential Fed chair."
Moo-vers
The "Magnificent Seven" stocks followed the broader market's lead Tuesday and mostly gained ground.
Six of the Mag-7 names rose – $Apple (AAPL.US)$ (up 1.1% to a record high), $Meta Platforms (META.US)$ (1% better), $NVIDIA (NVDA.US)$ (0.9% stronger), $Microsoft (MSFT.US)$ (0.7% firmer), $Alphabet-A (GOOGL.US)$ (which added 0.3%) and $Amazon (AMZN.US)$ (0.2% higher). Only $Tesla (TSLA.US)$ fell among the Mag-7 stocks, easing 0.2%.
Elsewhere on Wall Street, Tuesday's noteworthy percentage decliners included:
-- Select crypto-related stocks, which rose on Tuesday's rebound for Bitcoin and other cryptocurrencies. Winners included $Bitmine Immersion Technologies (BMNR.US)$ (up 10.3%), $Strategy (MSTR.US)$ (5.8% better), $Robinhood (HOOD.US)$ (2.2% firmer), $Circle (CRCL.US)$ (which added 2%) and $Coinbase (COIN.US)$ (1.3% stronger).
-- $Intel (INTC.US)$, which added 8.7%. The chip giant rose for the second session in the past three, apparently on continued investor enthusiasm for an analyst's report last week positing that Intel's struggling foundry will soon build chips for AAPL.
Conversely, Tuesday's significant percentage losers included:
-- $IREN Ltd (IREN.US)$, off 15.2%. The AI- and crypto-friendly data-center firm sank after announcing after the bell Monday that it plans to offer $2 billion in convertible senior notes that could presumably dilute current shareholders.
-- $Astera Labs (ALAB.US)$, down 13.5%. The semiconductor firm pulled back after rising 38.8% between a $131.42 intraday low on Nov. 21 and a $182.50 session high that it hit earlier Tuesday.
Wall Street Today: S&P 500, DJIA and Nasdaq Composite Gain as Bitcoin, Ether and Boeing Rise
Disclaimer: This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Indexes are unmanaged and cannot be directly invested in. Past performance is no indication of future results. Investing involves risk and the potential to lose principal. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors' financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information regarding your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal.
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Jerry Kronenberg
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Former top editor at Seeking Alpha, Fidelity.com, TheStreet.com and UPI.
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