The Dow is in danger of doing something it hasn’t since 1978
CNN
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 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. Stock futures indicate more losses ahead for the 30-stock index at the opening bell on Tuesday. The blue chips haven’t closed in the red for nine consecutive days since February 1978, according to FactSet data. But the recent market slump has been mild, with the Dow losing just 3% over the prior eight trading days. That’s barely a blip in the big picture. Not only that, but the losses have been mostly contained to the Dow. The Nasdaq, powered by Big Tech and the artificial intelligence boom, is still on fire. It surged another 1.2% on Monday to record highs. The S&P 500 advanced Monday as well.
China’s industrial output growth quickened slightly in November, while retail sales disappointed, keeping alive calls for Beijing to ramp up consumer-focused stimulus as policymakers brace for more US trade tariffs under a second Trump administration.
The CEO of a company that makes high-end backpacks said he and his employees have received threats after reports he contacted a police tip line when he spotted one of the company’s bags in the surveillance video of the shooting of UnitedHealthcare CEO Brian Thompson.
At the Sheephaven Bay pub in London, tucked just behind Camden High Street, Guinness accounts for more than 50% of weekly draft beer sales. Owner Pat Logue told CNN that this year he’s already sold double the amount of Guinness that he did two years ago.
On the Sunday before Thanksgiving, a grocery store here was plumb out of eggs.
The countdown to Christmas is on, but the threat of delayed packages could dampen the holiday spirit.
President-elect Donald Trump announced he will elevate Andrew Ferguson, a current Republican commissioner on the FTC, to be the agency’s chair. The decision will likely be welcome news for some businesses, but certainly not all, and least of all for Big Tech — whom Ferguson has sharply criticized and, in the case of Google, has gone to court against while serving as Virginia’s solicitor general.
TikTok will likely ask the Supreme Court to make a final decision on the ban. Stay or not, you won’t need to delete the app.
Aakaanksh Autade was iffy on TikTok Shop, TikTok’s in-app shopping feature, when it first launched last year. Then the content creator grossed over $102,000 in sales when he hosted a live event on Black Friday and went from skeptic to believer.
People in New Jersey are freaking (!) out (!) about sightings of what they say appear to be “giant drones” flying around at night. Government officials have said at least some of those sightings are just regular, old commercial flights.
The last time Sony was worth this much on the stock market, Bill Clinton was president and the PlayStation 2 was about to debut on American store shelves.
A federal appeals court on Friday declined to temporarily block a ban on TikTok, teeing up a showdown at the Supreme Court over whether the law should take effect while the social media platform’s challenge to it plays out.