Dow risks ninth-straight day of decline as 'Trump bump' cools

Dow Jones Industrial Average plunges.
(Image credit: Chris Hondros/Getty Images)

Shaken over President Trump's failure to repeal and replace the Affordable Care Act, Wall Street is now raising questions about his ability to keep financial promises like reforming the tax code and slashing regulations on banks.

The cooling "Trump bump" has left the Dow at risk of suffering a ninth-straight day of decline Tuesday, which would mark the longest losing streak for the Dow since Jimmy Carter was in the White House in 1978. While the index is still up 11 percent since the election and the Nasdaq has actually closed higher in three of the past four days, CNN Money observes "a notable shift in terms of sentiment."

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Jeva Lange

Jeva Lange was the executive editor at TheWeek.com. She formerly served as The Week's deputy editor and culture critic. She is also a contributor to Screen Slate, and her writing has appeared in The New York Daily News, The Awl, Vice, and Gothamist, among other publications. Jeva lives in New York City. Follow her on Twitter.