Stocks survive despite Dow Jones’ 9-day losing streak

This report is from today’s CNBC Daily Open, the international markets newsletter. CNBC Daily Open keeps investors informed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.

Automakers, combine
Nissan Motor Shares rose 23.7% on Wednesday after Tuesday report That Japanese automaker is Consider a merger with Honda Motors. Both companies also plan to bring Mitsubishi Motors – in which Nissan owns 24%, making it the majority shareholder – under the eventual holding company. Nissan has been struggling lately: its second-quarter operating profits decreased by 85%.

The Dow fell for the ninth day
Tuesday, Dow Jones Industrial Average It lost 0.61%, recording a A losing streak that lasted nine days. the Standard & Poor’s 500 It decreased by 0.39% Nasdaq Composite Asia-Pacific markets fell by 0.32% It traded mixed on Wednesday. Japan Nikki 225 The index lost about 0.4% as investors assessed the country’s larger-than-expected trade deficit in November, and awaited the Bank of Japan’s decision on the interest rate this week.

New enthusiasm for new listings in Hong Kong
After three consecutive years of decline, new listings were made this year on the Hong Kong Stock Exchange Increased in terms of deal valuesAccording to Dealogic data. The 63 deals this year raised $10.65 billion, more than 80% higher than the value raised in 2023. It is a sign that Chinese lawmakers Pledge your support For the Hong Kong market into force.

What to expect from the Fed
The US Federal Reserve concludes its two-day interest rate setting meeting later on Wednesday. Although Inflation is sticky And a Flexible labor marketthe Federal Reserve Bank broadly It is expected to cut interest rates by 25 basis points. But a CNBC poll Of 27 respondents, including economists, strategists and fund managers, it 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, sending them lower Deeper into the patch areabut the chipmaker is still up 163.3% year to date. That suggests some investors may have been cashing in on Nvidia’s stunning rise. Using charts, CNBC Pro analyzes the optimal time for investors Sell ​​their best-performing stocks.

the Heavier clouds On the Dow Jones index it is UnitedHealthwhich contributed to more than half of the index’s decline over the past eight sessions, noted CNBC’s Yun Li. The health insurance company shook a Fatal shooting to its CEO Brian Thompson as well as extensive industry sell-offs.

Outside of the Dow Jones, the stock market remains cheerful. Although the S&P and Nasdaq also fell in the latest trading session, both indexes are hovering near their record close. This suggests that it’s mostly Dow Jones stocks — “old economy” stocks like industrials, financials and consumer discretionary companies — that are faltering.

“Wall Street is waking up to the reality that a Trump presidency may not be as great for stocks as some had hoped,” said David Russell, global head of market strategy at TradeStation. “The financial and industrial sectors jumped on their wins but may now have to confront higher interest rates and trade uncertainties, and healthcare faces the greatest political risks in recent memory.”

Moreover, the Dow Jones losses may be consecutive, but the rise is not sharp. The index is only 3.6% away from its record high, and its 50-day moving average is still trending higher.

This does not mean that the stock market gives investors money for nothing. But we are not in dire straits yet.

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