U.S. stocks retreated Monday after climbing to record highs Friday when the November jobs report reinforced Wall Street's expectations for another interest rate cut from the Federal Reserve next week.
Stocks retreated after a furious rally that put the market on pace for its best year since 2019, with traders awaiting key inflation data that will help shape the outlook for Federal Reserve rates.
The European Union’s multiyear clampdown on some of the largest American companies is set to force President-elect Donald Trump to decide which bothers him more: Europe or Big Tech.