Stock market today: Dow looks to snap longest losing streak since 1978 with Fed decision on deck

Published On Dec 18, 2024, 10:41 AM

The Dow Jones Industrial Average is attempting to break a lengthy losing streak, its longest since 1978, in anticipation of an important decision from the Federal Reserve regarding interest rates. The Fed is expected to cut rates for the third consecutive meeting, which could influence market sentiment. In recent trading, both the Dow and tech stock Nvidia have shown signs of recovery, rising approximately 3%. However, concerns remain as healthcare stocks, particularly UnitedHealth Group, have faced significant declines. The Fed's forward guidance for 2025 will be closely watched by investors as it could signal future monetary policy adjustments.