Good morning. Tech-heavy Nasdaq halts a five-day slide thanks in part to Tesla. Bitcoin recovers from a two-day retreat. And Bloomberg’s holiday gift guide has you covered with traditional ideas, plus a few twists. Listen to the day’s top stories.
Tesla’s win is the market’s gain. The Nasdaq 100 outperformed after its longest rout since January, with Tesla shares up 5.6% on a report that Donald Trump’s transition team have told advisers they plan to make a federal framework for fully self-driving vehicles one of the Transportation Department’s priorities. Morgan Stanley strategist Michael Wilson expects the S&P 500 to reach 6,500 by the end of 2025, driven by improving economic growth and Federal Reserve interest-rate cuts. And Goldman Sachs told investors to “go for gold,” reiterating a forecast for prices to reach $3,000 an ounce next year.
