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Post by bot on Oct 9, 2015 15:28:32 GMT -5
Dow on pace to post longest win streak since December 2014
The Dow industrials was on track Thursday to post its longest stretch of gains of 2015, and its best since last December, according to FactSet data. Until Thursday, the Dow Jones Industrial Average had only managed a streak of gains no longer than four sessions, but the blue-chip average's 5-session streak, begun on Oct. 2, 2015, marks its longest stretch of days in the green since the period ended Dec. 26, 2014, when the Dow registered seven consecutive up days, according to FactSet data. The win streak for the Dow comes as markets are still wrestling with slowing growth abroad, but a growing sense that the Federal Reserve may leave interest rates lower for longer is lifting Wall Street's mood. The Dow was up triple digits, gaining 158 points, or 0.9%, at 17,071 with less than an hour left to trade in the session. The S&P 500 picked up nearly 6 points, or 0.3%, and the Nasdaq Composite index was up 25 points, or 0.5%, bucking earlier headwinds from the biotech sector that had weighed down the tech-heavy index.
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