The US Stock Markets stumbled, overshadowing President-elect Donald Trump’s historic visit to the NYSE to rig the opening bell.
After Trump rang the opening bell to cheers of 'USA' - Wall Street tumbled possibly in reaction to trouble the investors fear lies ahead. With inflation worries, weak economic data, and tech sell-offs wiped out recent gains, with Adobe plunging 14% and Bitcoin slipping below $100,000.
"The world’s most famous market indicator is at risk of suffering its longest losing streak since Jimmy Carter was in the White House.
The Dow Jones Industrial Average has dropped eight days in a row coming into Tuesday and fell by around 215 points, or 0.5%, at the opening bell.
The blue chips haven’t closed in the red for nine consecutive days since February 1978, according to FactSet data. The Dow is in danger of doing something it hasn’t since 1978
The S&P 500 and Dow Jones Industrial Average fell 0.5%, while the Nasdaq Composite shed 0.7% Stocks had surged on Wednesday as shares of technology companies soared, pushing the Nasdaq Composite above 20,000 points for the first time.