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Nvidia stock slumps, the Dow's losing streak, and Social Security's big changes: Markets news roundup

Nvidia stock slumps, the Dow's losing streak, and Social Security's big changes: Markets news roundup

Plus, the Fed cuts interest rates again — but warns of a more cautious 2025

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Image for article titled Nvidia stock slumps, the Dow's losing streak, and Social Security's big changes: Markets news roundup
Photo: C.J. Burton (Getty Images), Michaela Vatcheva/Bloomberg (Getty Images), Liu Yanan/Xinhua (Getty Images), Richard Sharrocks (Getty Images), Spencer Platt (Getty Images), Yuki Iwamura/Bloomberg (Getty Images), Spencer Platt (Getty Images), Andrew Harnik (Getty Images), Illustration: rob dobi (Getty Images)
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Image for article titled Nvidia stock slumps, the Dow's losing streak, and Social Security's big changes: Markets news roundup
Photo: C.J. Burton (Getty Images)

Retiring at 65 is increasingly a thing of the past — especially if you want to get your full Social Security benefits.

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Starting in 2025, pre-scheduled changes to Social Security’s full retirement age will go into effect, pushing back when people born in 1959 can hang up their cleats.

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Image for article titled Nvidia stock slumps, the Dow's losing streak, and Social Security's big changes: Markets news roundup
Photo: Michaela Vatcheva/Bloomberg (Getty Images)

Nvidia (NVDA) stock is in correction territory, and rival chipmaker Broadcom’s (AVGO) late-year boost took a hit Tuesday morning.

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Shares of Nvidia fell 2.9% Tuesday, trading at $128.17, after slumping into a correction by market close the day before. A correction typically refers to when a stock falls 10% or more from an all-time high closing price. Nvidia stock rallied to an all-time high of $148.87 in early November.

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A trader works on the floor of the New York Stock Exchange on Dec. 12.
A trader works on the floor of the New York Stock Exchange on Dec. 12.
Photo: Liu Yanan/Xinhua (Getty Images)

The Dow Jones Industrial Average dropped more than 250 points on Tuesday, marking its longest losing streak since the 1970s.

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The index closed down 267 points, falling 0.6% to 43,449. It has shed value since Dec. 4, hitting a nine-day losing streak. That is its longest since 1978.

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Image for article titled Nvidia stock slumps, the Dow's losing streak, and Social Security's big changes: Markets news roundup
Photo: Richard Sharrocks (Getty Images)

There’s one major economic indicator that investors, analysts, and central bankers are watching closely in 2025 — and it’s not GDP, inflation, or unemployment.

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Image for article titled Nvidia stock slumps, the Dow's losing streak, and Social Security's big changes: Markets news roundup
Photo: Spencer Platt (Getty Images)

The Dow staged a rebound Thursday morning, following Wednesday’s 1,100-point plunge that marked its longest losing streak since 1974. The upturn came despite investor disappointment over the Federal Reserve’s conservative approach to rate cuts. Other major indices, including the S&P 500 and Nasdaq, also experienced gains after a sell-off on Wednesday afternoon.

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Image for article titled Nvidia stock slumps, the Dow's losing streak, and Social Security's big changes: Markets news roundup
Illustration: rob dobi (Getty Images)

No matter where you live, it’s important to be mindful of data breaches and scams proliferating online.

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Americans lost an estimated $10 billion to fraud in 2023, up $1 billion dollars from the year before, but residents of some states are more vulnerable to identity theft and fraud than others.

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Jerome Powell, chair of the Federal Reserve.
Jerome Powell, chair of the Federal Reserve.
Photo: Yuki Iwamura/Bloomberg (Getty Images)

The Federal Reserve carried out its third consecutive interest rate cut of the year Wednesday, as its monetary policy easing campaign shows signs of heading for a slowdown.

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Image for article titled Nvidia stock slumps, the Dow's losing streak, and Social Security's big changes: Markets news roundup
Photo: Spencer Platt (Getty Images)

The Dow Jones Industrial Average and other indices declined sharply after the Federal Open Market Committee announced a quarter percentage point reduction in interest rates on Wednesday afternoon and just two more interest rate cuts in 2025. With that, the Dow had its first ten-day losing streak, the longest since 1974.

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What the Federal Reserve's quarter point rate cut means for investors
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John Petrides of Tocqueville Asset Management breaks down the Fed’s announcement

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Image for article titled Nvidia stock slumps, the Dow's losing streak, and Social Security's big changes: Markets news roundup
Photo: Andrew Harnik (Getty Images)

Shares of Trump Media & Technology Group (DJT) slipped almost 4% in pre-market trading Friday, after regulatory filings showed President-elect Donald Trump moved the entirety of his stake in the company to a revocable trust.

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