Stock Bounce Wanes on Fed Angst as Bitcoin Plunges: Markets Wrap

A tech-led rebound in stocks faded as caution prevailed on Wall Street ahead of a deluge of economic data and concerns over the Federal Reserve’s ability to slash interest rates in December. Bonds dropped.

The relief brought by the end of a historic US shutdown gave way to volatility this week as various Fed speakers damped wagers on policy easing. Hot areas favored by momentum traders such as artificial-intelligence whipsawed. Bitcoin was barely up for 2025. After briefly erasing a 1.4% slide, the S&P 500 closed little changed. Nvidia Corp. rose ahead of its earnings.