The Dow Jones Industrial Average is currently experiencing a nine-day losing streak, mirroring a similar trend in 1978. The index is being weighed down by banking stocks and fears surrounding a potential Fed decision. In contrast, the S&P and Nasdaq remain near record highs, suggesting that the Dow's struggles are concentrated in 'old-economy' sectors. Some analysts believe that growing concerns about a Trump presidency might be impacting investor sentiment.
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe, weighed down by a 1.4% decline in banking stocks. Europe's tech stocks, however, managed to defy the slump to add 0.61%.of 27 respondents, comprising economists, strategists and fund managers, showed that only 63% think it's the right move for the Fed .
Almost fifty years ahead, the Dow is mired in nine-day losing streak again. To take another cue from the Billboards chart, all investors want for Christmas is the Dow to stop bleeding red., which has contributed to more than half of the index's decline over the past eight sessions, noted CNBC's Yun Li. The health insurance company was rocked by aOutside the Dow, the stock market is still cheery.
Moreover, the losses for the Dow might be consecutive, but the incline isn't that steep. The index is just 3.6% off its record high, and its 50-day moving average is still trending upward.
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