Stock market today: Dow logs longest losing streak since 1978 as stocks slide ahead of Fed decision

[nmmi]

12. I just added the bit about the S&P 500 yesterday with the intent of agreeing with your previous post that stocks

are up considerably YTD, at least that's what I thought was the point you were making by pointing out that the DOW was up 15% YTD. I was just adding a little information. And anyway, the S&P 500 is far far more representative of the U.S. stock market than the 30 price-weighted stocks in the DOW.

I see today, December 18, they both took a shellacing, thanks to Powell signaling to expect fewer rate cuts in 2025 than was previously indicated by the dot plots. (Although he did cut the rate today by 0.25% as was almost universally expected)

Dow down 2.58% today, S&P 500 down 2.95% today.
But even with that, YTD, the DOW is up 12.3%, and the S&P 500 up 23.1%.

Dow went from 37,689.54 on 12/29/23 close to 42,326.87 today
https://finance.yahoo.com/quote/%5EDJI/history/

S&P 500 went from 4,769.83 on 12/29/23 close to 5872.16 today
https://finance.yahoo.com/quote/%5EGSPC/history/