The Dow Jones Industrial Average entered the history books Tuesday with its first nine-day losing streak since 1978.
The 30-stock index tumbled 267.58 points to 43,455.67.
The S&P 500 index declined 23.47 points to 6,050.61
The tech-heavy NASDAQ stumbled 64.83 points to 20,109.06.
The Dow’s losing streak began the day after it closed above 45,000 for the first time ever earlier in the month.
What’s strange, however, is that Nvidia, a new tech member of the Dow that joined in November, has also struggled despite the tech sector’s recent gains, slipping into correction territory Monday.
Tesla was higher again on Tuesday, though Broadcom lost 3.6%.
November’s retail sales figure, out Tuesday, came in better than economists expected, adding to concern that the Fed may be taking unnecessary action.
Prices for the 10-year Treasury regained ground, raising yields to Monday’s 4.40%. Treasury prices and yields move in opposite directions.
Oil prices dropped 55 cents to $70.16 U.S. a barrel.
Prices for gold faded $8.60 an ounce to $2,661.40 U.S.
