December has been off to a volatile start to say the least, with Monday's steep pullback countered by today's rebound in Bitcoin (BTC). The crypto staple added over 6%, pushing back above $90,000, while broader tech stocks bounced back as well. The Dow and Nasdaq both logged triple-digit gains, while the S&P 500 eked out a small win of its own. Looking ahead, all eyes will be November's ADP employment report tomorrow.
Continue reading for more on today's market, including:
- Analyst praises cloud stock's AI advancements.
- 2 stocks ready to roll out December wins.
- Plus, a semiconductor outperformer; an earnings slam dunk; and Kroger stock's pre-earnings workup.
Gold Pulls Back Amid Profit Taking
Oversupply concerns and Ukraine's Russian drone attacks worried crude traders, pushing oil futures lower for the session. January-dated West Texas Intermediate (WTI) crude shed 16 cents, or 0.3%, to close at $59.16 per barrel.
Profit taking hit safe havens, just one day after gold futures tapped a six-week high. February-dated gold futures fell 1.7% to settle at $4,203 per ounce.