DiscoverMarket MakerBREAKING NEWS: Dow Plunges 1,100 Points: First 10-Day Losing Streak Since 1974
BREAKING NEWS: Dow Plunges 1,100 Points: First 10-Day Losing Streak Since 1974

BREAKING NEWS: Dow Plunges 1,100 Points: First 10-Day Losing Streak Since 1974

Update: 2024-12-18
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The U.S. central bank reduced its overnight borrowing rate by a quarter point to a target range of 4.25% to 4.5%, as expected.


However, new quarterly forecasts showed several officials penciled in fewer rate cuts for next year than they estimated just a few months ago, and saw inflation making considerably less progress in 2025.


  • The Nasdaq 100 fell 3.6% and the S&P 500 sank nearly 3%


  • The two-year Treasury yield, which is highly sensitive to Fed policy, surged 10 basis points to 4.34%


  • U.S. dollar jumped more than 1% against a basket of six peers to the highest level since November 2022


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BREAKING NEWS: Dow Plunges 1,100 Points: First 10-Day Losing Streak Since 1974

BREAKING NEWS: Dow Plunges 1,100 Points: First 10-Day Losing Streak Since 1974