Dow records worst losing streak in nearly 50 years
The Dow is on its longest losing streak since 1978. It dropped 267 points, marking 9 straight days of losses. However, the broader market is doing well—S&P 500 hit a record on Dec 6. Why’s the Dow struggling? A shift from older stocks to tech is partly to blame, and Nvidia is even slipping despite the tech boom. Traders are nervous about higher rates, and the Fed’s interest rate decision is adding to the anxiety.