Dow, S&P 500, Nasdaq clobbered as Fed, Powell signal fewer rate cuts in 2025
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The Federal Reserve's decision to cut interest rates by 25 basis points but signal fewer cuts in 2025 led to significant losses in major US stock indices. The Dow Jones Industrial Average experienced its longest losing streak since 1974, dropping over 1,000 points.
December 18, 2024 | 11:45 pm
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The Dow Jones Industrial Average fell over 1,000 points, marking its 10th consecutive down session, the longest since 1974, due to the Fed's signal of fewer rate cuts in 2025.
The Fed's decision to signal fewer rate cuts in 2025 led to a significant drop in the Dow, as investors reacted negatively to the news. This marks a continuation of a downward trend, with the Dow experiencing its longest losing streak since 1974.
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