U.S. stocks fell on Tuesday, with the Dow Jones Industrial Average dropping 0.6% and recording its longest losing streak since 1978 at nine consecutive days of losses. The S&P 500 fell 0.4%, and the Nasdaq Composite lost 0.3% after reaching a record high the previous day.
Investors await the Federal Reserve’s decision on an expected 0.25% rate cut, possibly the last amid persistent inflation. Retail sales exceeded expectations in November, rising 0.7% due to strong holiday spending. Nvidia’s stock dipped over 1%, and bitcoin briefly surpassed $108,000 before settling above $106,500.
Stock market today: Dow logs longest losing streak since 1978 as stocks slide ahead of Fed decision
Dec 17, 2024
Article from Yahoo Finance by Karen Friar and Alexandra Canal
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