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Dow futures fall 100 points after index notches longest losing streak since 2018
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 10, 2024. REUTERS/Brendan McDermid
Traders work on the floor at the New York Stock Exchange on Dec. 10, 2024.
Brendan McDermid | Reuters
U.S. stock futures fell Tuesday after the Dow Jones Industrial Average
registered its longest losing streak since 2018.
Futures tied to the Dow
fell 162 points, or 0.4%. S&P 500
futures edged 0.3% lower, while Nasdaq-100
futures ticked down 0.1%.
The moves followed a mixed session on Wall Street yesterday. The Dow dipped 0.25%, or nearly 111 points, falling for an eighth straight day for the first time since June 2018. The Nasdaq Composite
gained 1.2% and hit a fresh record, while the S&P 500
edged up nearly 0.4%.
The gains for the S&P 500 and the Nasdaq came without the cooperation of market bellwether Nvidia
, which pulled back 1.7%. Shares of the chip giant are down more than 4% this month, even as the broader indexes and semiconductor names such as Broadcom
have touched new highs. Alphabet
, Apple
and Tesla
also hit all-time highs on Monday, while the S&P’s tech and consumer discretionary sectors closed at records.
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— Samantha Subin
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