To get the latest market news check out finance.yahoo.com Stocks were clobbered Wednesday after the Federal Reserve, despite slashing interest rates by 25 basis points, signaled it would cut fewer times next year than previously projected.All three major reversed gains following the decision to end with steep losses. The Dow Jones Industrial Average (^DJI) was down about 2.6%, or over 1,000 points, clinching its 10th straight down session, the longest losing streak since 1974.
With 2025 just two weeks away, now is the time for self-reflection.
The Dow Jones Industrial Average has been on its worst losing streak in nearly 50 years as investors continued to rotate out of old economy names and pile into tech stocks and small-caps. The blue-chip index declined for nine consecutive sessions, representing the longest losing streak since February 1978.
We bring four stocks from the "Dogs of the Dow" list that have a dividend yield of more than 2%, namely Goldman Sachs (GS), Chevron (CVX), IBM and Cisco (CSCO).
The US indices are all waiting for the FOMC interest rate statement, the statement, and the press conference. The market continues to see a lot of people trying to press the “Santa Claus rally” and playing catch up with their peers.
In contrast to the S&P 500 or the growth-fueled Nasdaq Composite, the Dow Jones Industrial Average is more value-focused. However, the Dow has become more growth-focused in recent years with the additions of Salesforce, Amazon, and Nvidia.
The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the “Neutral” zone on Tuesday.
Evercore ISI analyst Eric Boyes upgraded Dow Inc. to Outperform from In Line with a $56 price target as a new analyst took over coverage of the stock and 10 other chemical names. Double-digit 2025 EBITDA growth on outage add backs and capacity expansions "feels (relatively) safe," with plausible upside to high teens growth on low-single digit volume growth, the analyst tells investors. The "soft" 2025 bridge provided at Q3 accelerated revisions, which are now already in the stock, while this month's non-core sale allays dividend surety concern, the analyst tells investors.
Evercore ISI upgraded Dow Inc. to Outperform from In Line.
The U.S.' bluechip stock index is mired in its longest stretch in the red since 1978, a potentially concerning signal for investors enjoying an otherwise sanguine period for stocks, though Tuesday's losses are largely tied to a singular company—UnitedHealth Group—and gains remain healthy over a longer timeframe.
The U.S.' bluechip stock index is on the cusp of suffering its longest stretch in the red since 1978, a potentially concerning signal for investors enjoying an otherwise sanguine period for stocks, though Tuesday's losses are largely tied to a singular company—UnitedHealth Group—and gains remain healthy over a longer timeframe.
Dow Jones falls nearly 300 points as Chevron drags, all major US indices slide ahead of the Fed's rate decision and strong retail sales add to investor uncertainty.