Thursday 14 March 2013

INQUIRER.net: Dow rises 10 days running, S&P 500 nears record

INQUIRER.net
Philippine News for Filipinos
Dow rises 10 days running, S&P 500 nears record
Mar 15th 2013, 00:57

NEW YORK—The Dow Jones industrial average has reached another milestone, recording its longest winning streak since 1996.   The index rose for the 10th straight day Thursday, gaining 83.86 points to close at 14,539.14. That's an increase of 0.6 percent.   The last time the Dow knocked out 10 straight days of gains was November 1996. Back then, Internet companies were still lining up to go public and President Bill Clinton had just won another term in the White House.   "It's just a good run," said Dan Greenhaus, chief global strategist at the brokerage BTIG. "And it speaks to optimism about the future."   Encouraging news on jobs gave the...

Keep on reading: Dow rises 10 days running, S&P 500 nears record

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