Why the Dow is suddenly in a historic funk

Published On Dec 17, 2024, 6:08 PM

The Dow Jones Industrial Average has been experiencing its longest losing streak in nearly 50 years, having fallen consecutively for nine trading days, a decrease of approximately 3% or over 1,500 points. This decline contrasts sharply with the performance of large-cap tech stocks that are performing well and holding up the S&P 500 and Nasdaq indexes. The Dow has been negatively impacted by its potential to benefit from the recent tech rally and has seen significant declines in major stocks, particularly in healthcare, following the tragic murder of UnitedHealth's CEO. Analysts anticipate some recovery in the market next year, suggesting that this pullback was anticipated after a strong year for stocks.