Dow notches ninth gain in a row, longest since '96
NEW YORK –The Dow Jones industrial average notched its ninth gain in a row, giving the index its longest winning streak in more than sixteen years.
The index edged up 5.22 points, or 0.04 percent, to 14,455.28. The Dow has risen every day this month and is up 10.3 percent this year, having surpassed its previous all-time high of 14,164.53 March 5th.
Demand for stocks has been propelled this year by optimism that the housing market is recovering and that companies have started to hire. Strong company earnings and ongoing stimulus from the Federal Reserve are also helping make stocks more attractive.
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