Tesla dropped after Morgan Stanley downgraded the stock, saying the stock already reflects expected AI gains and lowering near-term auto volume forecasts.

Ahead of this week’s FOMC meeting, the major equity indices last week all rallied toward their October highs, even as short-term indicators got further pushed into overbought territory.

Reduced global markets volatility marked the first week of December. Netflix news on Friday and Trump's cautionary words about it should lead to reverberations throughout entertainment-centric businesses and stocks.