Stock market today: Asian shares fall as China reports lackluster data, while bitcoin hits new highs

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Signs mark the intersection of Wall Street and Broadway in New York's Financial District on Wednesday Dec.11, 2024. People stand in front of an electronic stock board showing Japan's Nikkei index at a securities firm Monday, Dec. 16, 2024, in Tokyo. Bitcoin was trading at $104,948 early Monday, up 3.4% but down from an earlier high of $106,495.

The S&P 500 ended essentially flat, down less than 0.1% at 6,051.09. The benchmark index posted a loss for the week, its first after three straight weekly gains. But some tech stocks were a drag on the market. Nvidia fell 2.2%, Meta Platforms dropped 1.7% and Google parent Alphabet slid 1.1%. Wall Street's rally stalled this week amid mixed economic reports and ahead of the Federal Reserve's last meeting of the year. The central bank is widely expected to cut interest rates for a third time since September when it meets this week.

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