The Dow Jones Industrial Average experienced a decline of 250 points, potentially marking the longest losing streak since 1978. This decline comes as investors remain cautious ahead of the Federal Reserve's upcoming interest rate decision.
In the commodities market, oil prices also saw a decrease. West Texas Intermediate crude for January delivery dropped by 71 cents, or 1%, trading at $70 a barrel on the New York Mercantile Exchange. Similarly, February Brent crude, the global benchmark, experienced a decline of 61 cents, or 0.8%, settling at $73.30 a barrel on ICE Futures Europe.