The Dow Jones Industrial Average is experiencing a nine-day losing streak, mirroring a similar period in 1978. While the S&P and Nasdaq also dipped, they remain near record highs. This suggests that the Dow's struggles are primarily driven by 'old-economy' stocks.
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— in which Nissan owns 24%, making it the top shareholder — under the holding company eventually. Nissan's been struggling of late: its second-quarter operating profitlost around 0.
4% as investors assessed the country's wider-than-expected trade deficit in November, and await the Bank of Japan's interest rate decision this week., according to data from Dealogic. The 63 deals this year raised $10.65 billion, more than 80% higher than the combined value in 2023. It's a sign that Chinese lawmakers'of 27 respondents, comprising economists, strategists and fund managers, showed that only 63% think it's the right move for the Fed., but the chipmaker is still up a 163.3% year to date. That suggests some investors may have been taking profit from Nvidia's breathtaking rally. Using charts, CNBC Pro analyzes when it's optimal for investors to In February 1978, the Bee Gees' song'Stayin' Alive' was the top Billboard song of the month. It was also the anthem for the Dow Jones Industrial Average, which was struggling with nine straight days of losses. 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. Despite the S&P and the Nasdaq also slipping in their last trading session, both indexes are hovering near their record closes. This suggests that it's mostly the Dow constituents —'old-economy' stocks like industrials, financials and consumer discretionary — that are flailin
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Dow Jones Enters Nine-Day Losing Streak as Investors Await Fed DecisionThe 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.
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Global Markets Dip as Dow Jones Faces Nine-Day Losing StreakGlobal markets experience a dip, led by a decline in banking stocks. The Dow Jones Industrial Average suffers a nine-day losing streak, mirroring a similar downturn in 1978. While the S&P and Nasdaq remain near record highs, the Dow's struggles highlight potential concerns within traditional industries.
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Dow Eyes Santa Rally as Nine-Day Losing Streak ContinuesThe Dow Jones Industrial Average is experiencing a nine-day losing streak, mirroring a similar streak in 1978. Investors await the Federal Reserve's decision on interest rates today, hoping for a Santa Rally.
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Nvidia Stock Dips Below $130 as Dow Jones Falls for Ninth DayNvidia stock experiences a decline, dropping below $130 for the first time in two months, while the Dow Jones Industrial Average continues its downward trend.
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