US stocks fall, Dow drops for 9th straight session

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The Star 7h ago

US stocks fall, Dow drops for 9th straight session - The Star

Quick Summary:

US stocks retreated on Tuesday and the Dow dropped for a ninth straight session, as investors exercised caution ahead of the Federal Reserve's last policy announcement of the year after economic data indicated consumer spending remained solid.

Consumer discretionary was the sole advancer, lifted by a 3.6% gain in Tesla after Mizuho hiked its price target on the stock by $285 to $515.

While the Nasdaq hit a record high on Monday and the S&P 500 is up nearly 27% on the year, the Dow has struggled recently and suffered its ninth straight daily decline, its longest losing streak since February 1978.