Simply 9 classes after closing above 45,000 for the primary time ever on Dec. 4, the Dow made historical past in the other way. The blue-chip index shed 267 factors at the moment for its ninth-straight loss and longest dropping streak since 1978. The S&P 500 moved decrease as nicely, whereas the tech-heavy Nasdaq completed within the purple however held the 20,000 stage after a short check.
As traders await the Federal Reserve’s interest rate decision tomorrow, Wall Road’s “worry gauge” — the Cboe Volatility Index (VIX) — closed above 15 for the primary time since Nov. 22.
Proceed studying for extra on at the moment’s market, together with:
5 Issues to Know As we speak
- Gas prices are at their lowest ranges since 2020 this vacation season. (MarketWatch)
- Bitcoin (BTC) nabbed a record high for the second-straight day. (Bloomberg)
- 3 drone stocks that would fly excessive in 2025.
- Cruise stock hoping for post-earnings pop.
- SolarEdge stock is up off the mat.
There aren’t any company earnings of be aware at the moment.
Commodities Cool as Fed Takes Highlight
Oil costs fell once more at the moment, as demand considerations weighed. January-dated West Texas Intermediate (WTI) crude shed 63 cents, or 0.9%, to settle at $70.08 per barrel.
Gold costs completed decrease as nicely, with the safe-haven asset taking cues from a swelling U.S. greenback and doubtlessly hawkish Fed rhetoric tomorrow. For the session, gold for December supply misplaced 0.3% to settle at $2,663.30 an oz..
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