The U.S. stock market has seen a significant downturn, marking its 10th consecutive day of losses, driven primarily by the actions of the Federal Reserve and ongoing economic concerns. The Dow Jones Industrial Average declined by 250 points on December 18, bringing the index down to approximately 28,500 points. Analysts attribute this decline to the Fed’s recent decision to cut interest rates again, amidst predictions of fewer reductions expected in 2025. Federal Reserve Chair Janet Yellen stated, ‘We are navigating a delicate balance between controlling inflation and fostering economic growth.’ Despite the rate cut, which aimed to stimulate the economy, investors continue to express concerns regarding potential lengthy implications on market stability. Major companies have reacted negatively, with tech giants heavily impacting the market’s overall performance. This downturn has raised alarms among investors, with the current economic climate being described by some as precarious. Market insiders report that with the cuts aimed at easing consumer borrowing costs, uncertainty persists over their effectiveness in spurring growth, making the stock market’s future direction uncertain as the year comes to a close.
US Stock Market Experiences 10-Day Losing Streak Amid Federal Reserve Rate Cuts
