The stock market experienced another challenging session as the Dow Jones extended its historic losing streak, sliding for the eighth consecutive day, marking its longest decline since 1978. Key stocks like UnitedHealth and Goldman Sachs contributed to the downturn, with Nvidia also losing around 2%. The Nasdaq, despite hitting record highs earlier, fell slightly.

Attention is focused on the Federal Reserve's upcoming rate cut decision. Markets anticipate a 0.25% cut, but the future trajectory remains uncertain. With persistent inflation and cooling labor data, the FED faces a delicate balance. The question remains: Will this be the final cut for a while, or is further relief on the horizon?

Nvidia and other Big Tech companies are under pressure, with Nvidia's stock down over 10% amid concerns about slowing AI spending and rising competition. Despite bullish predictions from analysts, near-term challenges have spooked the market.

Meanwhile, the U.S. economy showed unexpected strength in November, with retail sales exceeding expectations. This robust data presents mixed signals for the stock market, complicating the FED's decision-making process. Tesla, however, defied the market trend, reaching a new all-time high due to its leadership in electric vehicles.

As the FED concludes its final meeting of the year, the stock market remains on edge. The anticipated rate cut is almost certain, but the subsequent actions will influence market dynamics into 2024. The path forward for stocks like Nvidia and Tesla, as well as the broader market, will be shaped by Big Tech's AI strategies and the FED's monetary policy decisions.