President Joe Biden suffered another ignominious defeat on Tuesday when the Dow Jones Industrial Average dropped for the ninth straight day, the only time that has happened since Jimmy Carter was president in 1978, CNN reported.

The Dow closed down by 267 points.

Should the Dow fall for a 10th straight day under Biden, that would be a first since the Gerald Ford administration in 1974, when it happened 11 straight days, according to CNN.

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