Market Brief 28 November, 2024

Good evening, investors and traders! The markets are experiencing a mixed performance today, with the S&P 500 Index (GSPC) down by -0.37% at 5,998.75 and the Nasdaq 100 Index (NDX) down by -0.87% at 20,762.55. Bitcoin is facing a correction, with analysts linking a $4 billion selloff to holder panic. The US is weighing additional curbs on sales of semiconductor equipment and AI memory chips to China, while the Bank of Korea unexpectedly cut its benchmark interest rate for the second straight meeting. Vancouver Mayor Ken Sim has proposed making the city Bitcoin-friendly, suggesting Bitcoin be held as a reserve asset.