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Brendan McDermid | ReutersThe Dow Jones Industrial Average has been declining for nine straight days, heading for its longest losing streak since February 1978. The biggest laggard in the 30-stock Dow during this losing streak has been UnitedHealth , which has contributed to more than half of the decline in the price-weighted average over the past eight sessions. And then there's a rotation going on with investors selling out of the cyclical names in the Dow that initially popped on Trump's reelection. The Dow, largely comprised of blue-chip consumer discretionary and industrial names, is widely viewed as a proxy for overall economic conditions. The Dow was first created in the 1890s to model a regular investor's portfolio — a simple average of the prices of all constituents.
Persons: Brendan McDermid, Donald Trump's, Brian Thompson, Sherwin, Williams, Goldman Sachs, Trump's deregulatory, Dow Organizations: New York Stock Exchange, Reuters, Dow Jones, Dow, Caterpillar, Nasdaq
The S & P 500 is expected to end next year at 6,630, according to the average forecast from the CNBC Market Strategist Survey released Friday. On a median basis, the S & P 500 is expected to end 2025 at 6,600, the survey found, also a 9% gain. The S & P 500 surged 27% in 2024 after climbing 24% in 2023. Last year, strategists, on average, expected the S & P 500 would end 2024 at 5,705, which the index first surpassed in September. Elsewhere, Goldman Sachs' David Kostin expects the S & P 500 to end next year at 6,500 , as does Morgan Stanley's Mike Wilson .
Persons: John Stoltzfus, Oppenheimer, Jonathan Golub, Tom Lee, Lee, Oppenheimer's John Stoltzfus, Donald Trump's, Binky Chadha, Chadha, Oppenheimer's Stoltzfus, Stoltzfus, Trump, Citigroup's Scott Chronert, Savita Subramanian, Subramanian, Goldman Sachs, David Kostin, Morgan Stanley's Mike Wilson, Brian Belski Organizations: CNBC Market, UBS, Fundstrat Global Advisors, Deutsche Bank Securities, CNBC, Deutsche, Bank of America Securities, BMO Locations: Thursday's, today's, buybacks, Mexico, Canada
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