Presented by

NEWS
Call Your Grandparents, The Dow Is Down

The Dow Jones Industrial Average just notched a nine-day losing streak, its longest since 1978. Fewer and fewer stocks are participating in the recent large-cap rally, but investors and traders are betting that tomorrow’s rate cut outlook can bring the annual Santa Claus rally back into play. 👀

Today's issue covers what’s driving the Dow’s decline, 2024’s final “Trends With Friends” episode, and must-see pops and drops. 📰

Here’s the S&P 500 heatmap. 1 of 11 sectors closed green, with consumer discretionary (+0.31%) leading and industrials (-0.93%) lagging.

And here are the closing prices: 

Most bullish/bearish symbols on Stocktwits at the close: 📈 $WOR, $WIMI, $EHTH, $USAU, $AHG 📉 $BMEA, $MBRX, $LPG, $TSLA, $BYON*

*If you’re a business and want to access this data via our API, email us.

STOCKS
What’s Behind The Dow Jones’ Dive? 🤔 

Your grandfather’s favorite index is down nine days in a row, as the market’s latest jut of strength has been isolated to mega-cap tech stocks. It’s the longest stretch of downside since 1978, although that sounds scarier than it is. 😐️ 

UnitedHealth Group, the second-largest component of the price-weighted index, is driving the weakness. The stock has come under pressure over concerns that the incoming Trump administration’s regulatory overhaul will cut into healthcare profits.

And it’s not just UnitedHealth that’s falling. The healthcare sector ETF ($XLV) is now down 13% from its September high, and investors remain cautious about the industry’s prospects. Still, despite the decline in its leading stocks, 66% of Stocktwits users polled see healthcare’s weakness as a buying opportunity. 🛒 

Getting back to the Dow’s decline… its lack of tech and communication services exposure is keeping it from participating to the upside. As the sector chart below shows, 8 of 11 sectors are in the red for December, with the large-cap indexes being buoyed by strength in the Magnificent Seven, Broadcom, and others. 🙃 

After a strong run in 2024, a little December weakness isn’t necessarily a sign of a longer correction ahead. In fact, many are looking for the market to close the year strong on the back of a Santa Claus rally. Wall Street’s stat master Ryan Detrick shared nine reasons his firm still believes in the holiday rally, even after some initial December weakness.

We’ll have to wait and see how it plays out. But for now, retail investors and traders are doubting the Dow and favoring the other indexes that still have momentum. 🤷 

SPONSORED
$11M Raised — 6 Days Left to Invest in the AI Company Everyone’s Buzzing About.

It’s not just another buzzword-filled startup… Meet Atombeam, the AI-driven disruptor aiming to change how data moves — faster, safer, and smarter. Investors are taking note, with over a $3M waitlist from their last round and $11M+ raised in this round — but the offering is closing soon.

Up to 4X Faster, $2.4M+ Defense Contracts. Atombeam’s patented AI software can send up to 4x more data over existing networks — without expensive hardware upgrades. That’s why names like the U.S. Space Force, U.S. Air Force are already customers. In 2023, Atombeam secured $2.4M in defense contracts.

Building industry relationships within a $200B market… Atombeam’s partnerships span NVIDIA, Intel, Ericsson, and HPE.1 Atombeam has a projected $200B global data center market by 2025. Now, you can invest in Atombeam.

$3M+ waitlist in last round, and only 6 Days to Invest…before Atombeam’s current funding round is closed. Over 7,500 investors have already invested across offerings, and one previous offering sold out. Invest now before the round closes on 12/18.**

*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here. **This is a paid advertisement for Atombeam’s Regulation A+ Offering. This Reg. A+ offering is made available through StartEngine Primary, LLC, member FINRA/SIPC. Please read the Offering Circular and related risks at Atombeam’s webpage on StartEngine before investing. In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.