Dow’s Streak Hits Eight

Posted by admin on Mar 19th, 2010 and filed under Business. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

Dow’s Streak Hits Eight Blue-chip stocks clocked their eighth straight day of gains, closing at a fresh 17-month high as industrials climbed on a brightening manufacturing outlook. But slipping commodity prices weighed on the broader market and investors fretted over potential policy changes under debate in Washington. The S&P 500 slipped 0.03%, with energy stocks leading the decline as crude-oil prices slipped. View Full Image Getty Images The Dow Jones Industrial Average ended up 45 points, or 0.4%, at 10779. Boeing was its best performer, up 2.1%, while 3M climbed 1.8% and DuPont rose 1.6%. The gains came after the Federal Reserve Bank of Philadelphia said that manufacturing and business activity continued to climb in the mid-Atlantic area. The Dow's gains mark the longest advancing streak since late August 2009. The gains have been modest but steady, leaving the index up 2.15% over the past eight sessions. Also helping stocks were reports showed consumer prices last month were flat in February and that initial jobless claims declined last week.[Read more...]

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