The Dow Jones has fallen for ten consecutive days, a "crash" triggered by a gun incident?
The Dow Jones fell for the 10th consecutive day, marking its longest losing streak since 1974, due to a sharp adjustment in U.S. stocks following the Federal Reserve's interest rate cut. The Nasdaq dropped 3.56%, and the S&P 500 fell 2.95%. The Dow's sluggishness reflects the overall weakness of the U.S. stock market, despite the Nasdaq rising due to a few tech giants, the overall market remains weak, indicating a false prosperity in U.S. stocks
With the Federal Reserve's interest rate cut coming into effect, the U.S. stock market experienced a sharp adjustment, with the NASDAQ falling 3.56%, marking the largest single-day drop since July 25; the S&P 500 Index dropped 2.95%, the largest single-day decline since August 6; and the Dow Jones fell 2.58%, marking its 10th consecutive day of decline, the longest losing streak since October 1974.
Among these, the market's primary concern is why the Dow Jones is performing so poorly.
One explanation is that the NASDAQ has mainly benefited from the strong performance of a few tech giants, which has driven the NASDAQ to new highs under the leadership of this "minority."
However, as a representative of more traditional industries, the Dow Jones better reflects the overall U.S. stock market, indicating that the U.S. stock market is not as strong as it appears. In fact, it reflects the sluggishness of the U.S. stock market.
The rise of the NASDAQ is more of a false prosperity