Thursday, February 16, 2017

Five Big Days

How's this for a winning streak: The Dow Jones industrial average, the S&P 500 index, and the Nasdaq all closed at record levels for a fifth session in a row yesterday. They hadn’t done that in more than a quarter of a century.

The last time all three benchmarks closed at records for five consecutive sessions was back on January 2, 1992. They went on to do it again for a sixth day in a row in a streak that ended on January 3, according to Dow Jones data.

There's a big difference, though. Back on January 3, 1992, the Dow industrials reached a then-record close of 3,201, the S&P 500 topped out at 419, and the Nasdaq reached 592. Yesterday, the Dow Jones Industrial Average finished at 20,611, the S&P 500 index finished at 2,349, and the Nasdaq closed at 5,819.

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