This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to date on everything they need to know, no matter where they are. Like what you see? You can subscribe here.

Dow drops for the ninth day
On Tuesday, the Dow Jones Industrial Average lost 0.61%, mark a nine day losing streak. the S&P 500 down 0.39% and Nasdaq Composite withdrew 0.32%. regional of Europe Stoxx 600 index down 0.42%weighed down by a 1.4% decline in banking stocks. Europe's technology stocks, however, managed to defy the decline to add 0.61%.

What to expect from the Fed
The US Federal Reserve concludes its two-day rate-setting meeting later this Wednesday. Despite sticky inflation ua resilient labor marketthe Fed is widely expected to cut rates by 25 basis points. But a CNBC poll of 27 respondents, which include economists, strategists and fund managers, showed that only 63% think it is the right move for the Fed.

Nvidia and Broadcom fall together
Nvidia shares fell 1.2% on Tuesday, finding itself deeper into correction territorytypically understood as a drop of 10% (or more) from an all-time close. Broadcom's rally also lost steam, with its shares shedding 3.9%.

Car makers, connect
Japanese car manufacturers Motor Nissan and Honda Motors they are when one considers a mergeraccording to Tuesday report from The Nikkei. Both companies also plan to bring Mitsubishi Motors — in which Nissan owns 24%, making it the largest shareholder — eventually under the holding company. Both Honda and Nissan have neither confirmed nor denied the report.

(PRO) Santa Rally, rush to the market tonight
The Santa Rally is a phenomenon in which share prices rise on the last five trading days of the year and the first two in January. Once the Fed meeting concludes today - and barring any unwanted surprises - markets are ready to welcome Santa Claus and ring in the holidayssaid Bank of America.

In February 1978, the Bee Gees' song "Stayin' Alive" was the top Billboard song of the month. It was also the anthem for the Dow Jones Industrial Average, which was struggling with a nine-day losing streak.

Almost fifty years later, the Dow is once again mired in a nine-day losing streak. To take another cue from the Billboard chart, all investors want for Christmas is for the Dow to stop bleeding red.

That said, it's not a huge blow to the 30-stock index, despite the scary numbers.

the heavier drag on the Dow is UnitedHealthwhich has contributed to more than half of the index's decline over the past eight sessions, noted CNBC's Yun Li. The health insurance company was hampered by a fatal shot of its CEO Brian Thompson as well as a wider sell-off in the industry.

Outside of the Dow, the stock market is still happy. Despite the S&P and Nasdaq also slipping in their last trading session, both indexes are hovering near their record closes. This suggests that it is mostly the constituents of the Dow - "old economy" stocks such as industrials, financials and consumer discretionary - that are falling.

"Wall Street is waking up to the fact that a Trump presidency may not be as big for stocks as some people hoped," said David Russell, global head of market strategy at TradeStation. "Financials and industrials jumped with his victory but now may have to face higher rates and trade uncertainties, and health care faces its biggest political risks in recent memory."

In addition, the losses for the Dow may be consecutive, but the slope is not so steep. The index is only 3.6% down from its record high, and its 50-day moving average is still trending up.

Although it's not as if the stock market is giving investors money for nothing, we're still not in great shape.

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