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Nvidia stock slumps, the Dow’s losing streak, and Social Security’s big changes: Markets news roundup

Retiring at 65 is increasingly a thing of the past — especially if you want to get your full Social Security benefits. Read More...
Photo: C.J. Burton (Getty Images), Michaela Vatcheva/Bloomberg (Getty Images), Liu Yanan/Xinhua (Getty Images), Richard Sharrocks (Getty Images), Spencer Platt (Getty Images), Yuki Iwamura/Bloomberg (Getty Images), Spencer Platt (Getty Images), Andrew Harnik (Getty Images), Illustration: rob dobi (Getty Images)
Photo: C.J. Burton (Getty Images), Michaela Vatcheva/Bloomberg (Getty Images), Liu Yanan/Xinhua (Getty Images), Richard Sharrocks (Getty Images), Spencer Platt (Getty Images), Yuki Iwamura/Bloomberg (Getty Images), Spencer Platt (Getty Images), Andrew Harnik (Getty Images), Illustration: rob dobi (Getty Images)
Photo: C.J. Burton (Getty Images)
Photo: C.J. Burton (Getty Images)

Retiring at 65 is increasingly a thing of the past — especially if you want to get your full Social Security benefits.

Starting in 2025, pre-scheduled changes to Social Security’s full retirement age will go into effect, pushing back when people born in 1959 can hang up their cleats.

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Photo: Michaela Vatcheva/Bloomberg (Getty Images)
Photo: Michaela Vatcheva/Bloomberg (Getty Images)

Nvidia (NVDA) stock is in correction territory, and rival chipmaker Broadcom’s (AVGO) late-year boost took a hit Tuesday morning.

Shares of Nvidia fell 2.9% Tuesday, trading at $128.17, after slumping into a correction by market close the day before. A correction typically refers to when a stock falls 10% or more from an all-time high closing price. Nvidia stock rallied to an all-time high of $148.87 in early November.

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A trader works on the floor of the New York Stock Exchange on Dec. 12. - Photo: Liu Yanan/Xinhua (Getty Images)
A trader works on the floor of the New York Stock Exchange on Dec. 12. – Photo: Liu Yanan/Xinhua (Getty Images)

The Dow Jones Industrial Average dropped more than 250 points on Tuesday, marking its longest losing streak since the 1970s.

The index closed down 267 points, falling 0.6% to 43,449. It has shed value since Dec. 4, hitting a nine-day losing streak. That is its longest since 1978.

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Photo: Richard Sharrocks (Getty Images)
Photo: Richard Sharrocks (Getty Images)

There’s one major economic indicator that investors, analysts, and central bankers are watching closely in 2025 — and it’s not GDP, inflation, or unemployment.

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Photo: Spencer Platt (Getty Images)
Photo: Spencer Platt (Getty Images)

The Dow staged a rebound Thursday morning, following Wednesday’s 1,100-point plunge that marked its longest losing streak since 1974. The upturn came despite investor disappointment over the Federal Reserve’s conservative approach to rate cuts. Other major indices, including the S&P 500 and Nasdaq, also experienced gains after a sell-off on Wednesday afternoon.

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Illustration: rob dobi (Getty Images)
Illustration: rob dobi (Getty Images)

No matter where you live, it’s important to be mindful of data breaches and scams proliferating online.

Americans lost an estimated $10 billion to fraud in 2023, up $1 billion dollars from the year before, but residents of some states are more vulnerable to identity theft and fraud than others.

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Jerome Powell, chair of the Federal Reserve. - Photo: Yuki Iwamura/Bloomberg (Getty Images)
Jerome Powell, chair of the Federal Reserve. – Photo: Yuki Iwamura/Bloomberg (Getty Images)

The Federal Reserve carried out its third consecutive interest rate cut of the year Wednesday, as its monetary policy easing campaign shows signs of heading for a slowdown.

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