Stocks remain alive despite the Dow’s 9-day losing streak

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Car manufacturers, combine
Nissan engine Shares rose 23.7% on Wednesday after a Report from Tuesday that is the Japanese automaker think about a merger with Honda engines. Both companies also plan to launch Mitsubishi engines – in which Nissan holds 24% and is therefore the main shareholder – ultimately under the holding company. Nissan has been struggling lately: its operating profit in the second quarter crashed by 85%.

The Dow Jones falls on the ninth day
On Tuesday, the Dow Jones Industrial Average lost 0.61%, marking a nine-day losing streak. The S&P 500 slipped 0.39% and Nasdaq Composite decreased by 0.32%. Asia Pacific markets were trading mixed on Wednesday. Japan Nikkei 225 fell about 0.4% as investors gauged the country’s larger-than-expected trade deficit in November and awaited the Bank of Japan’s rate decision this week.

New enthusiasm for new offerings in Hong Kong
After three consecutive years of declines, new listings will be made on the Hong Kong Stock Exchange this year increased in terms of deal valueaccording to Dealogic. The 63 deals this year brought in $10.65 billion, more than 80% more than the total in 2023. It’s a sign that Chinese lawmakers Support promised for the Hong Kong market.

What to expect from the Fed
The US Federal Reserve concludes its two-day interest rate setting meeting on Wednesday. Despite sticky inflation and a robust labor marketthe Fed is widespread Interest rates are expected to be cut by 25 basis points. But a CNBC poll Out of 27 respondents consisting of economists, strategists and fund managers showed that only 63% believe this is the right move for the Fed.

(PRO) When to take profits
Nvidia Shares may have fallen 1.2% yesterday, marking a tumble penetrate deeper into the correction areabut the chipmaker is still up 163.3% year-to-date. That suggests some investors may have benefited from Nvidia’s stunning rally. Using charts, CNBC Pro analyzes when it is optimal for investors sell their best performing stocks.

The strongest resistance on the Dow UnitedHealthwhich has contributed to more than half of the index’s decline over the past eight sessions, noted CNBC’s Yun Li. The health insurance company was shaken by one fatal shooting of CEO Brian Thompson as well as a broader sell-off in the industry.

Outside of the Dow, the mood on the stock market continues to be good. Although the S&P and Nasdaq also fell in their latest trading session, both indices are near their record closing prices. This suggests that it is primarily the Dow stocks – “old economy” stocks such as industrials, financials and consumer discretionary – that are coming under pressure.

“Wall Street is waking up to the fact that a Trump presidency may not be as good for stocks as some had hoped,” said David Russell, global head of market strategy at TradeStation. “Financials and industrials benefited from his victory, but now face potentially higher interest rates and trade uncertainty, and healthcare faces its biggest political risks in recent memory.”

Furthermore, the losses for the Dow could be consecutive, but the rise is not that steep. The index is just 3.6% below its record high and its 50-day moving average continues to trend upwards.

It’s not like the stock market gives investors money for free. But we’re not quite in trouble yet.

— CNBC’s Yun Li, Michelle Fox, Fred Imbert, Alex Harring, Adrian van Hauwermeiren, Brian Evans and Samantha Subin contributed to this report.