ByteDance Unveils New AI Voice Assistant for ZTE Smartphones 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Apple Appoints Amar Subramanya as New Vice President of AI Amid Push to Accelerate Innovation 
Apple Alerts EU Regulators That Apple Ads and Maps Meet DMA Gatekeeper Thresholds 
Australia Releases New National AI Plan, Opts for Existing Laws to Manage Risks 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Coupang Apologizes After Massive Data Breach Affecting 33.7 Million Users 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Wall Street’s main indexes dipped Monday as Nvidia plummeted following a Chinese antimonopoly investigation. Investors grew jittery ahead of critical U.S. inflation readings due midweek, raising questions about the Federal Reserve’s next steps and unsettling a technology sector already reeling from global regulatory pressures.
Nvidia Probe Sparks Wall Street Decline
On Monday, investors braced for pivotal inflation data later this week, and a fall in artificial intelligence (AI) leader Nvidia weighed on tech stocks, sending Wall Street's main indexes down, Reuters shares.
The information technology sector was hit hard when Nvidia was dragged down after the chipmaker was investigated by China's market regulator for possible violations of antimonopoly laws.
The Philadelphia Semiconductor Index took a hit as Advanced Micro Devices fell in value following a downgrade by BofA Global Research.
"The market was taken a bit by surprise regarding China's investigating (Nvidia) as a possible antimonopoly-law violation. So that's one thing that's putting a little damper on the market," said Sam Stovall, chief financial analyst at CFRA Research in New York.
Wall Street Indexes Plunge Amid Nvidia Fallout
Early estimates put the final tally for the S&P 500 at 6,053.68 points, down 35.69 points, or 0.60%, and the Nasdaq Composite at 19,736.69, down 123.08 points, or 0.62%. The Dow Jones Industrial Average dropped to 44,416.38 points, a decline of 226.14 points (or 0.51%).
As a result of Comcast's prediction that the communication services industry would lose over 100,000 broadband users in the fourth quarter, the stock price of the company fell.
There was a dramatic increase in Hershey stock price after news broke that Mondelez, the parent company of Cadbury, was considering buying out the chocolate maker. Mondelez stock dropped.
Inflation Data Looms Ahead of Federal Reserve Meeting
Before the Federal Reserve's meeting on December 17–18, investors are waiting for Wednesday's publication of the consumer price index (CPI) data set and Thursday's release of the producer price index (PPI).
Following Friday's statistics showing an increase in the unemployment rate to 4.2% in November, suggesting an improving labor market, the odds of a 25-basis-point rate drop at the next meeting surged to above 85%, Investing.com reports.
The Fed's Chair Jerome Powell was among several policymakers who warned against hastily loosening monetary policy in light of the economy's resiliency.
Trump’s Win Fuels Market Expectations for Pro-Business Policies
The two main Wall Street indices—the tech-heavy Nasdaq and the benchmark S&P 500—started December on a good note, with the former two gaining throughout the first week and the latter two ending slightly lower.
In November, U.S. equities surged following Donald Trump's victory and the party's control of both chambers of Congress. This set the stage for expectations of a more business-friendly policy agenda, which could explain the surge.
