Dow plunges more than 1,100 points and marked its longest losing streak since 1974
On December 19, 2024, the Dow Jones Industrial Average sank over 1,100 points in a manner that would mark it as the longest losing streak since 1974. Financial markets experienced shockwaves by this historic downturn, and so arose a set of critical questions relating to whether the U.S. economy remains strong amid rising global uncertainty. Steep Decline The Dow's plunge of more than 1,100 points is one of the largest single-day drops in history. Investors faced a nightmare of cascading selloffs across industries as technology, retail, and financial services bore the brunt of the downturn. The S&P 500 fell more than 3%, and the Nasdaq Composite lost nearly 4% as the turbulence cut across sectors. This is the ninth straight session of losses for the Dow, a streak that hasn't been seen since an arduous bear market ran its course in 1974. The losing streak has only fueled fears of prolonged economic stagnation and plummeting investor confidence. Causes Behind the Sell-Off Th...