On Tuesday, the Dow Jones Industrial Average recorded its ninth consecutive session of decline, reflecting its longest losing streak since 1978. The index fell by 266 points (0.6%), while both the S&P 500 and NASDAQ Composite decreased by 0.4% and 0.3%, respectively.

Key Factors Influencing the Market

• Retail Sales Exceed Expectations: November retail sales showed a 0.7% increase, surpassing the expected 0.6% and indicating resilience in consumer spending.
• Anticipated Rate Cuts from the Federal Reserve: Most investors expect a 25 basis point rate cut during the Fed’s upcoming meeting. However, concerns regarding inflation and employment could impact future rates.

As traders brace for the Fed announcement, the market outlook remains cautious. Understanding these dynamics will help investors navigate the uncertain environment more effectively.