The largest stock indices opened in a downward direction on Monday. Investors are anticipating, among other things, the central bank Fed’s interest rate meeting to be held next week. The market expects the Fed to lower interest rates in December.
Cryptocurrencies also saw a decline. The market price of Bitcoin was below 86,000 dollars on Monday, while the price was 120,000 dollars in October. There is no clear reason behind the bill.
The market is considering whether to have to Strategy to sell about $56 billion worth of cryptocurrency holdings if bitcoin and other cryptocurrencies continue to decline.
Strategy’s share was down more than 6 percent after trading for a while.
At the time of the review, the Dow Jones index was down 0.4 percent, the S&P 500 index was down 0.4 percent, and the Nasdaq index was down 0.7 percent.
Chip maker Nvidia said it would invest $2 billion in the software company Synopsis to shares. The investment is part of the companies’ cooperation, the goal of which is to develop solutions related to computing and artificial intelligence to a new level.
Nvidia’s share was up 0.4 percent after trading for a while. Synopsis shares were up 4.6 percent.
Pharmaceutical company Eli Lilly said that it will again reduce the prices of the slimming drug Zepound as competition intensifies Novo Nordiskin with.
Eli Lilly’s stock was close to zero at the time of review.