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The Dow Jones Industrial Average was threatening to enter the history books on Tuesday with its first 9-day losing streak since the 1970s in sight.
The 30-stock index tumbled 256.12 points to 43,461.36, after a losing streak of eight straight sessions.
The S&P 500 index declined 36.47 points to 6,037.61
The tech-heavy NASDAQ collapsed 158.34 points to 20,015.55.
The Dow’s losing streak began the day after it closed above 45,000 for the first time ever earlier in the month.
Nvidia, a new tech member of the Dow that joined last month, has also struggled despite the tech sector’s recent gains, slipping into correction territory Monday.
Meanwhile Broadcom has been surging to new highs, with investors finding a new chip stock to love. And Alphabet, Apple and Tesla also hit new records on Monday, with the iPhone maker notching a fresh high on Tuesday. Tesla was also higher, though Broadcom shed 3.6%.
November’s retail sales figure out Tuesday came in better than economists expected, adding to concern that the Fed may be taking unnecessary action.
Prices for the 10-year Treasury gained a bit of ground, lowering yields to 4.38% from Monday’s 4.40%. Treasury prices and yields move in opposite directions.
Oil prices dropped $1.25 to $69.46 U.S. a barrel.
Prices for gold faded $14.20 an ounce to $2,655.80 U.S.
