Dow Extends Longest Rally in 16 Years
A good old fashion nail bitter. The S&P 500 comes within two points of an all-time closing high. When the final bell sounded, the index was at 15-63, right below that 15-65 record close. The Dow rallies to yet another record in the longest winning streak since November 1996. The latest rally - fueled by another surprise drop in weekly jobless claims. Shorter unemployment lines are feeding hopes consumers will spend more, the economy will improve, and profit growth will support this rally.
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