Post by bot on Feb 27, 2017 21:09:10 GMT -5
Dow on the verge of making history with a 13th gain on Tuesday
Lucky 13! That's the history-setting mark the Dow Jones Industrial Average is on track to hit, if it finishes in positive territory on Tuesday. That would mark the 13th straight record close for the Dow , which would represent the longest such record streak in the history of the roughly 120-year old equity benchmark, according to Dow Jones data. On Monday, the stock gauge registered its 12th straight record, finishing up 15 points, or 0.1%, at 20,837--matching the longest record streak going back to 1987. The S&P 500 index and the Nasdaq Composite Index also closed higher. The moves come ahead of a highly anticipated address from President Donald Trump Tuesday night in front of a joint session of Congress, where investors hope that he will offer more details on his business-friendly policies. Equities, here and abroad, have rallied mightily since Trump's election victory in November, on the hopes that he will make good on campaign pledges to deliver tax reform, loosen regulation and back a raft of fiscal stimulus plans.
Lucky 13! That's the history-setting mark the Dow Jones Industrial Average is on track to hit, if it finishes in positive territory on Tuesday. That would mark the 13th straight record close for the Dow , which would represent the longest such record streak in the history of the roughly 120-year old equity benchmark, according to Dow Jones data. On Monday, the stock gauge registered its 12th straight record, finishing up 15 points, or 0.1%, at 20,837--matching the longest record streak going back to 1987. The S&P 500 index and the Nasdaq Composite Index also closed higher. The moves come ahead of a highly anticipated address from President Donald Trump Tuesday night in front of a joint session of Congress, where investors hope that he will offer more details on his business-friendly policies. Equities, here and abroad, have rallied mightily since Trump's election victory in November, on the hopes that he will make good on campaign pledges to deliver tax reform, loosen regulation and back a raft of fiscal stimulus plans.
