Dow's 9-Week Winning Streak Is The Longest In Nearly 24 Years

(Yahoo! Finance)

Emily McCormick February 22, 2019

The Dow posted its ninth consecutive week of advances, its longest weekly winning streak in nearly 24 years, as investors continued to digest commentary surrounding progress toward a U.S.-China trade deal.

The Dow (^DJI) closed at 26,031.81 points, having climbed 0.7%, or 181.18 points, by the end of Friday’s session. This was the first time the index crossed 26,000 points since November 9, and its nine straight weeks gains marked the longest streak since a 10-week run between March and May 1995.

The S&P 500 (^GSPC) rose 0.64%, or 17.79 points, with tech stocks leading advances as the index posted its fourth consecutive week of gains. The Nasdaq (^IXIC) rose 0.91%, or 67.84 points, and posted its ninth straight week of advances, tying for the longest weekly winning streak since May 2009.

Each of the three major indices surged to new 2019 highs during Friday’s session. The S&P 500 rose as high as to 2,794.2 points, the highest level since December. The Dow and the Nasdaq each rose to their highest levels in more than 3 months, touching 26,052.9 points and 7,527.54 points, respectively, at their intraday highs.

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