Stock futures were lower on Cyber Monday morning, signaling a tentative launch to December trading as participants parsed AI sector earnings momentum and mulled elevated odds (85-90%) of a Federal Reserve rate cut at its December 9-10 session
Here are some of Monday’s biggest stock movers:
Biggest stock loser
- Bitfarms (BITF) -6% – Crypto-linked stocks fell as Bitcoin slid more than 4% to below $86,680, with Coinbase (COIN), Strategy (MSTR), MARA Holdings (MARA), Riot Platforms (RIOT), HIVE Digital Technologies (HIVE), Iren (IREN), CleanSpark (CLSK), and Terawulf (WULF) all down at least 4% premarket. The decline followed remarks from China’s central bank warning that speculation and hype in virtual currencies had resurfaced and vowing a crackdown on related illegal activity, adding that stablecoins cannot adequately meet requirements for customer identification and anti–money-laundering controls.
- Li Auto (LI) -2% – Shares dipped after the company reported November deliveries of 33,181 vehicles, down 31.9% Y/Y, marking a sixth straight month of annual declines, though volumes improved 4.45% from October. The company is counting on expanded production capacity for its Li L6 electric SUV early next year to help revive momentum.
- Nio (NIO) -2% – Shares slipped after the company delivered 36,275 vehicles in November, a strong 76.3% Y/Y increase but down 10.2% from October. The total included 18,393 NIO-brand premium EVs, 11,794 ONVO family-focused models, and 6,088 FIREFLY small high-end EVs.