And they called it the streak: Dow up for 10th straight day, 21K in reach
The streaky Dow on Thursday did what it hasn’t done in nearly four years: Finish higher for 10 consecutive trading days.
The Dow Jones industrial average hasn’t finished in the red since Feb. 8 — the day before President Trump promised a tax cut plan would be announced in a few weeks.
On Thursday, the Dow finished in the black for the 10th day in a row. That hasn’t happened since March 2013.
The blue chips climbed 0.2%, up 35 points to yet another all-time closing high of 20,810.32. Other major indexes:
► S&P 500, up less than 0.1% to 2363.81.
► Nasdaq composite, down 0.4% to 5835.51. It snapped a 15-day winning streak.
Blue chip stocks have been getting a lift from a number of tailwinds, ranging from optimism surrounding Trump’s economic plans and a realization that the economy, job market and corporate profits have been moving higher for months now.
Wall Street ignores Trump missteps — for now
Records, of course, are meant to be broken. But the Dow will have to finish higher four more sessions to tie its record 14-session winning streak that dates to 1897, according to data compiled by Bespoke Investment Group.
Next up is 11 up days in a row, which hasn’t occurred since January 1992. The Dow would then have to match a 13-session winning streak notched 30 years ago in January 1987, nine months before the Black Monday market crash. Only after taking out these milestones can it make a run at the 14-day record.