The Dow Jones Industrial Average is seeking to end its nine-day skid, the longest losing streak in more than 40 years, as investors await a key Federal Reserve policy meeting.
The blue-chip average tumbled 267.58 points, or 0.61 percent, to finish the Dec. 17 trading session at 43,449.90, extending its longest losing streak since 1978.
Investors might be surprised by the sudden turn of events. The broad-based postelection rally since Nov. 5, which had resulted in a string of all-time highs for the leading benchmark indexes, might be fading.
Market watchers attribute the Dow Jones’s decline to investors rotating out of value-focused equities—like energy, financials, and utilities—and into tech….