CNBC Daily Open: Stocks are still staying alive despite the Dow’s 9-day losing streak

Automakers, combine
Nissan Motor shares popped 23.7% connected Wednesday aft a Tuesday report that the Japanese automaker is considering a merger with Honda Motor. Both companies are besides readying to bring Mitsubishi Motors — successful which Nissan owns 24%, making it the apical shareholder — nether the holding institution eventually. Nissan's been struggling of late: its second-quarter operating nett plunged 85%.

Dow drops for the ninth day
On Tuesday, the Dow Jones Industrial Average mislaid 0.61%, marking a nine-day losing streak. The S&P 500 slipped 0.39% and Nasdaq Composite retreated 0.32%. Asia-Pacific markets traded mixed connected Wednesday. Japan's Nikkei 225 mislaid astir 0.4% arsenic investors assessed the country's wider-than-expected commercialized shortage successful November, and await the Bank of Japan's involvement complaint determination this week.

New enthusiasm for caller listings successful Hong Kong
After 3 consecutive years of decline, this year's caller listings connected the Hong Kong banal speech rose successful presumption of woody values, according to information from Dealogic. The 63 deals this twelvemonth raised $10.65 billion, much than 80% higher than the combined worth successful 2023. It's a motion that Chinese lawmakers' pledged support for the Hong Kong marketplace is taking effect.       

What to expect from Fed
The U.S. Federal Reserve concludes its two-day rate-setting gathering aboriginal this Wednesday. Despite sticky inflation and a resilient labour market, the Fed is wide expected to little rates by 25 ground points. But a CNBC survey of 27 respondents, comprising economists, strategists and money managers, showed that lone 63% deliberation it's the close determination for the Fed.

[PRO] When to instrumentality profit
Nvidia shares whitethorn person fallen 1.2% yesterday, plunging it deeper into correction territory, but the chipmaker is inactive up a 163.3% twelvemonth to date. That suggests immoderate investors whitethorn person been taking nett from Nvidia's breathtaking rally. Using charts, CNBC Pro analyzes erstwhile it's optimal for investors to sell their best-performing stocks.

In February 1978, the Bee Gees' opus "Stayin' Alive" was the apical Billboard opus of the month. It was besides the anthem for the Dow Jones Industrial Average, which was struggling with 9 consecutive days of losses.

Almost 50 years ahead, the Dow is mired successful nine-day losing streak again. To instrumentality different cue from the Billboards chart, each investors privation for Christmas is the Dow to halt bleeding red.

That said, it's not a large coiled for the 30-stock index, contempt the scary numbers.

The heaviest drag connected the Dow is UnitedHealth, which has contributed to much than fractional of the index's diminution implicit the past 8 sessions, noted CNBC's Yun Li. The wellness security institution was rocked by a fatal shooting of its CEO Brian Thompson arsenic good arsenic a broader sell-off successful the industry.

Outside the Dow, the banal marketplace is inactive cheery. Despite the S&P and the Nasdaq besides slipping successful their past trading session, some indexes are hovering adjacent their grounds closes. This suggests that it's mostly the Dow constituents — "old-economy" stocks similar industrials, financials and user discretionary — that are flailing.

"Wall Street is waking up to the information that a Trump presidency mightiness not beryllium arsenic large for stocks arsenic immoderate radical hoped," said David Russell, planetary caput of marketplace strategy astatine TradeStation. "Financials and industrials jumped connected his triumph but present whitethorn person to look higher rates and commercialized uncertainties, and healthcare faces its top governmental risks successful caller memory."

Moreover, the losses for the Dow mightiness beryllium consecutive, but the incline isn't that steep. The scale is conscionable 3.6% disconnected its grounds high, and its 50-day moving mean is inactive trending upward.

It's not that the banal marketplace is giving investors wealth for nothing. But we aren't rather successful dire straits yet.

— CNBC's Yun Li, Michelle Fox, Fred Imbert, Alex Harring, Adrian van Hauwermeiren, Brian Evans and Samantha Subin contributed to this report.