---
title: "U.S. stock market opens: Dow Jones rebounds 0.3%, expected to end its first ten-day losing streak since 1974"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/222822513.md"
description: "The opening situation of the US stock market shows that the Dow Jones Industrial Average rebounded by 0.3%, likely ending its first ten-day consecutive decline since 1974. The S&P 500 Index and the Nasdaq Composite Index also rose by 0.69% and 0.89%, respectively. Federal Reserve Chairman Jerome Powell mentioned the possibility of pausing interest rate cuts. In individual stocks, NVIDIA rose by 2.2%, while Micron Tech fell by 13.4%. Meanwhile, Apple is in preliminary talks with Tencent and ByteDance, considering embedding AI models in iPhones sold in China"
datetime: "2024-12-19T14:31:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/222822513.md)
  - [en](https://longbridge.com/en/news/222822513.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/222822513.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/222822513.md) | [繁體中文](https://longbridge.com/zh-HK/news/222822513.md)


# U.S. stock market opens: Dow Jones rebounds 0.3%, expected to end its first ten-day losing streak since 1974

The S&P 500 index opened up 40.55 points, an increase of 0.69%, at 5912.71 points;  
The Dow Jones Industrial Average opened up 137.26 points, an increase of 0.32%, at 42464.13 points;  
The Nasdaq Composite opened up 172.97 points, an increase of 0.89%, at 19565.66 points.  
The Dow rebounded by 280 points, with constituent stock NVIDIA rising by 2.2%.  
Micron Tech fell by 13.4%, while Tesla rose by 2.5%.  
Chinese concept stocks Baidu fell by 2.1%, while Nio and Li Auto rose by over 2%, and the ETF YINN rose by 2.7%.  
Federal Reserve Chairman Jerome Powell discussed the possibility of pausing interest rate cuts on "Federal Reserve Rate Cut Day," with the Dow closing down over 1100 points, marking a ten-day consecutive decline, the longest since 1974.  
According to media reports, Apple is in preliminary talks with Tencent and ByteDance to consider embedding their AI models in iPhones sold in China

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