Megacaps lead, service inflation, bitcoin highs: Market Takeaways

Megacaps lead, service inflation, bitcoin highs: Market Takeaways

The major indexes (^DJI, ^IXIC, ^GSPC) close December’s first trading week mixed as the S&P 500 and Nasdaq Composite — climbing by over 3.3% over the past five sessions — rise to strong weekly gains.

Yahoo Finance markets reporter Jared Blikre analyzes the day’s top market movements, including megacap sectors leading on this week, economists’ outlook on services inflation, and bitcoin’s (BTC-USD) record high above $100,000.

To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here.

This post was written by Ivana Freitas.

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