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The Dow Jones Industrial Average was aiming to break a 10-day losing streak, its worst since 1974. The index was up over 300 points at the open after it shed 1,123 points in Wednesday's session.
The Dow Jones Industrial Average added 0.1%, and the Nasdaq composite fell 0.1%. The S&P 500 slipped less than 0.1% Thursday, its first loss after three straight gains.
The Dow hit a 10th straight day of losses, its worst streak since 1974, as stocks plummeted amid the outlook for fewer rate cuts in 2025.
The Dow rose just 15 points to narrowly break a 10-day losing streak, its worst in 50 years. The S&P 500 and the Nasdaq dipped again, with attention turning to Friday's PCE report.
The largest point drop in history occurred on March 16, 2020, when concerns over the ongoing COVID-19 pandemic engulfed the market, dropping the Dow Jones Industrial Average 2,997 points. The largest point gain (+2,113) occurred on March 24, 2020.
The Dow Jones Industrial Average rose nearly 500 points, giving back some of its intraday gains after being up over 800 points. The Nasdaq Composite and the S&P 500 were up over 1%.
The Dow Jones ripped higher by 750 points, with all three major market averages surging nearly 2%. ... Goolsbee told CNBC that interest rates should continue to decline over the next 12-18 months ...
The Dow Jones Industrial Average jumped 440.06 to 44,736.57, and the Nasdaq composite gained 51.18 to 19,054.84. In stock markets abroad, indexes moved modestly across much of Europe after ...