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The Dow Jones falls on the ninth day
On Tuesday, the Dow Jones Industrial Average lost 0.61%, snapping a nine-day losing streak. The S&P 500 slipped 0.39% and Nasdaq Composite decreased by 0.32%. Europe regionally Stoxx 600 The index fell 0.42%, weighed down by a 1.4% decline in bank stocks. However, Europe’s technology stocks were able to defy the slump and gain 0.61%.

What to expect from the Fed
The Federal Reserve concludes its two-day interest rate-setting meeting on Wednesday. Despite persistent inflation and a robust labor market, the Fed is widely expected to cut interest rates by 25 basis points. However, a CNBC poll of 27 respondents, including economists, strategists and fund managers, found that only 63% believe this is the right move for the Fed.

Nvidia and Broadcom are falling in lockstep
Nvidia Shares fell 1.2% on Tuesday, putting them deeper into correction territory, which is typically understood as a drop of 10% (or more) from an all-time high closing price. Broadcoms The rally also lost steam, with shares losing 3.9%.

Car manufacturers, combine
Japanese car manufacturers Nissan engine And Honda engine are considering a merger, according to a report from The Nikkei on Tuesday. Both companies also plan to launch Mitsubishi engines – in which Nissan holds 24% and is therefore the main shareholder – ultimately under the holding company. Both Honda and Nissan have neither confirmed nor denied the report.

(PRO) Santa Rally, hurry to the market tonight
The Santa Rally is a phenomenon in which stock prices rise on the last five trading days of the year and the first two in January. Once the Fed meeting ends today – and barring any unwelcome surprises – markets are ready to greet Santa Claus and ring in the holidays, Bank of America said.

In February 1978, the Bee Gees’ song “Stayin’ Alive” was the top Billboard song of the month. It was also the anthem for the Dow Jones Industrial Average, which has struggled with nine straight days of losses.

In almost fifty years, the Dow Jones is once again on a nine-day losing streak. To take another example from the Billboard chart, all investors want for Christmas is for the Dow to stop turning red.

Still, despite the scary numbers, it’s not much damage to the 30-stock index.

The biggest drag on the Dow is 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 has been rocked by a fatal shooting of its CEO Brian Thompson as well as a general selloff in the industry.

Outside 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 may have to contend with 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.

Even though it’s not like the stock market is giving investors money for free, we’re still not in complete dire straits.

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