Item 1 of 2 Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 15, 2025. REUTERS/Brendan McDermid
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NEW YORK, Dec 29 (Reuters) – U.S. stocks dipped on Monday and gold tumbled from all-time highs at the top of a holiday-shortened week.
The three major U.S. stock indexes ended in negative territory, weighed down by a broad selloff, which was slightly mitigated by strength in some defensive sectors that have underperformed for much of the year.
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“In light volume trading, we’re seeing a reversal of what we saw over the last couple of days,” says Rob Haworth, senior investment strategist at U.S. Bank Wealth Management in Seattle. “The broader market is looking at the strength of last week and selling off as we head into year-end. “
With just three sessions remaining, U.S. and global stocks were on course to end 2025 near record highs, having notched double-digit gains in a tumultuous year dominated by tariff wars, central bank policy and simmering geopolitical tensions.
“When we started the year, we saw tariffs get implemented and the question was ‘will the market survive?’ The answer was yes,” Haworth added. “The global economy has managed to weather many of the storms and uncertainties this year because consumers were spending and business continued to invest.”
“The more we can broaden out, that gives this rally more room to run,” Haworth said. “We’ve had three years of strong gains there’s reason for us to expect a fourth.”
The dollar index , which measures the greenback against a basket of currencies including the yen and the euro, rose 0% to 98.03, with the euro down 0.01% at $1.177.
Against the Japanese yen , the dollar weakened 0.31% to 156.06.
In cryptocurrencies, bitcoin fell 0.42% to $87,177.85. Ethereum declined 0.21% to $2,928.82.
U.S. Treasury yields edged lower as investors adjusted their bets for interest rate cuts from the U.S. Federal Reserve in the coming year as economic data releases slowly return to their post-shutdown normal.
The yield on benchmark U.S. 10-year notes fell 2.8 basis points to 4.106%, from 4.134% late on Friday.
The 30-year bond yield fell 2.5 basis points to 4.7938% from 4.819% late on Friday.
The 2-year note yield, which typically moves in step with interest rate expectations for the Federal Reserve, fell 2.6 basis points to 3.457%, from 3.483% late on Friday.
U.S. crude rose 2.36% to settle at $58.14 per barrel, while Brent settled at $61.94 per barrel, up 214% on the day.
Reporting by Stephen Culp; Additional reporting by Naomi Rovnick in London and Ankur Banerjee in Singapore; Editing by Alistair Bell and Nick Zieminski
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