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Dow Jones suffers its longest losing streak in over 45 years

Stephanie Gauthier
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Dow Jones suffers its longest losing streak in over 45 years
Credit: Getty Images

The Dow Jones Industrial Average, the world’s leading stock market indicator, recently recorded its longest losing streak in 46 years, since 1978, with nine consecutive downward closes.

This marks the end of a particularly remarkable year for the Dow, as well as the additional momentum generated by Trump’s election victory.

The Dow ends the day lower, suffering its longest losing streak since the Carter administration.

CNN (@cnn.com) 2024-12-17T21:17:25.117Z

While the overall decline remains moderate and does not affect other major indices such as the Nasdaq and S&P 500, the Dow has, for its part, recorded a 3% loss over the last eight trading days.

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The losses are mainly concentrated on the Dow, while the Nasdaq and S&P 500 are more resilient.

Despite this recent decline, the Dow is still up over 15% year-to-date, testifying to an exceptional year for stock markets.

It also remains more than 3% above its level recorded during the presidential election, reflecting positive expectations for the next administration.

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A recent headline-grabbing event, the assassination of UnitedHealthcare’s CEO on December 4 in New York, has had a major impact on the Group’s market value, which has fallen by 18% since the tragedy.

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