Dow Stumbles Again, Stuck in Worst Rut Since April

The Dow is mired in a six-day losing streak

Patrick Martin

Managing Editor

Dec 12, 2024 at 4:22 PM

Inflation data giveth, and taketh away. While November's consumer price index (CPI) gave stocks a boost yesterday, November's hotter-than-anticipated producer price index (PPI) set stocks back today. Big Tech ushered the Nasdaq back below 20,000, while the Dow shed 233 points for its sixth-straight loss. The blue-chip index is now mired in its longest losing streak since April. Despite the new data point, CME's Fed Watch tool is still predicting a 95% chance of an interest-rate cut at next week's Federal Reserve meeting.

Continue reading for more on today's market, including:

Walgreens stock rally could be fools gold.
Analyst turns bullish on beaten-down Celsius stock.
Plus, Adobe gaps lower; a steel sector roundup; and tax advice for options traders.

closing summary dec12

nyse nasdaq dec12

5 Things to Know Today

Gen-Z is powering the in-person shopping comeback. (CNBC)
U.S. household wealth is rising in lockstep with stocks. (Bloomberg)
More on Adobe's dismal earnings report.
3 steel stocks to know about.
Options traders: heed this tax advice.

Gold Pivots Lower Amid Profit-Taking

Oil prices finished marginally lower, after the International Energy Agency (IEA) trimmed its global oil-demand growth estimate for this year and labeled the market “comfortably supplied” for 2025. For the session, January-dated West Texas Intermediate (WTI) crude shed 27 cent, or 0.4%, to settle at $70.02 per barrel.

Gold prices succumbed to more profit-taking today, despite the warm inflation data sending the safe-haven asset to a one-month high earlier in the day. For the session, gold for December delivery lost 1.7% to settle at $2,709.70 an ounce.

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