Dow Experiences Longest Losing Streak Since 1978, Fed Rate Cut Expected, Nissan and Honda in Merger Talks

  • 📰 NBCDFW
  • ⏱ Reading Time:
  • 39 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 40%
  • Publisher: 63%

Business News

FED,Dow Jones,Rate Cut

The Dow Jones Industrial Average recorded its ninth consecutive day of losses, marking its longest losing streak since 1978. Despite this, the broader market remains relatively strong. Wall Street anticipates another quarter-point rate cut by the Federal Reserve, with futures traders expecting a target range of 4.25% to 4.5%. Congress faces a looming government shutdown deadline while Nissan and Honda reportedly engage in merger talks that could create a major automotive player.

A big Fed decision is coming Wednesday.1. n in the dumpsnotched its ninth straight day of losses on Tuesday. It's the index's longest losing streak since 1978 and notably comes at a time when the broader market is faring just fine. Though theboth lost some ground on Tuesday, both averages are up for the month, while the Dow is down more than 3%. CNBC explainsand Wall Street is betting on another quarter-point haircut.

Makoto Uchida , president and CEO of Japanese auto maker Nissan, shakes hands with Toshihiro Mibe , director, president and representative executive officer of auto maker Honda, following a press conference in Tokyo on August 1, 2024.. The companies are preparing to enter negotiations that could result in the competitors coming together under a holding company. The combined operation would amount to 8 million vehicles sales annually, according to Nikkei, which first reported the merger talks.

How to manage 2 ‘core' emotions that can sabotage your salary negotiations, from a coach with 20 years experience – CNBC's Brian Evans, Samantha Subin, Yun Li, Jeff Cox, Michael Wayland and Dan Mangan, and NBC News contributed to this report.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 288. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Dow in longest losing streak since 1978; Fed decision loomsStock market today: Dow in longest losing streak since 1978; Fed decision looms
Source: Investingcom - 🏆 450. / 53 Read more »

Stocks @ Night: Dow's Longest Losing Streak Since 1978CNBC's Stocks Night newsletter analyzes the Dow Jones Industrial Average's nine-day losing streak, its impact on major companies, and the performance of other S&P 500 sectors. The newsletter also explores the rise of mega-cap tech companies and the growing popularity of the Roundhill Magnificent Seven ETF (MAGS).
Source: CNBC - 🏆 12. / 72 Read more »