Additional Coverage:
- Dow Suffers Worst Losing Streak In Nearly 50 Years—This Stock Is Driving Index Down (newsbreak.com)
Dow Jones Suffers Longest Losing Streak in Decades
The Dow Jones Industrial Average has fallen for nine consecutive trading sessions, marking its longest losing streak since 1978. The index has dropped by 3.5% during this period.
UnitedHealth Group Drags Down Dow
UnitedHealth Group was the worst performer on the Dow on Tuesday, losing 2.6%. The healthcare insurance company has been hurt by concerns about the Trump administration’s policies and the recent shooting of its insurance subsidiary’s CEO.
Other Notable Decliners
Goldman Sachs and Nvidia also lost at least 1% on Tuesday. These declines contributed to the Dow’s overall drop.
Long-Term Gains Still Intact
Despite the recent losses, the Dow is still up over 18% year-to-date. It is also trading within 4% of its all-time high.