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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Retiring at 65 is increasingly a thing of the past — especially if you want to get your full Social Security benefits.
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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Nvidia (NVDA) stock is in correction territory, and rival chipmaker Broadcom’s (AVGO) late-year boost took a hit Tuesday morning.
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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The Dow Jones Industrial Average dropped more than 250 points on Tuesday, marking its longest losing streak since the 1970s.
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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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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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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No matter where you live, it’s important to be mindful of data breaches and scams proliferating online.
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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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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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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John Petrides of Tocqueville Asset Management breaks down the Fed’s announcement
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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.