Dow Stuck In Worst Losing Streak In 46 Years

Just nine sessions after closing above 45,000 for the first time ever on Dec. 4, the Dow made history in the opposite direction. The blue-chip index shed 267 points today for its ninth-straight loss and longest losing streak since 1978. The S&P 500 moved lower as well, while the tech-heavy Nasdaq finished in the red but held the 20,000 level after a brief test. 

As investors await the Federal Reserve's interest rate decision tomorrow, Wall Street's "fear gauge" -- the Cboe Volatility Index (VIX) -- closed above 15 for the first time since Nov. 22. 

closing summary dec17

nyse nasdaq dec17

UVOL Dec17


COMMODITIES COOL AS FED TAKES SPOTLIGHT

Oil prices fell again today, as demand concerns weighed. January-dated West Texas Intermediate (WTI) crude shed 63 cents, or 0.9%, to settle at $70.08 per barrel.

Gold prices finished lower as well, with the safe-haven asset taking cues from a swelling U.S. dollar and potentially hawkish Fed rhetoric tomorrow. For the session, gold for December delivery lost 0.3% to settle at $2,663.30 an ounce.


More By This Author:

Dow On Track For Longest Losing Streak Since 1970's
Nasdaq Nabs Record Close; Dow Stuck In Historic Slump
Dow Eyes Worst Losing Streak Since 2018

The posts on this blog are opinions, not advice. Please read our Disclaimers.

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with