Dow Closes Up Triple Digits At Record, First 5-Day Win Streak Since March
U.S. equities closed at new record levels Thursday after the Bank of England hinted at looser monetary policy next month and as earnings season kicked into full gear.
The Dow Jones industrial average closed at an all-time high for the third consecutive day, ending the day up 134.2 points, with Goldman Sachs, IBM and Apple contributing the most gains. Earlier, the blue-chips index rose more than 160 points.
The S&P 500 had its fourth consecutive record close, ending half a percent higher, led by financials. The Nasdaq composite had its sixth positive day of gains in seven, closing half a percent higher as Apple shares gained more than 2 percent.
"Clearly, you're getting a positive stimulus from [the BOE and earnings]," said Randy Frederick, managing director of trading and derivatives at Charles Schwab. "The market always tends to move ahead of these thing, and that's why I think you've seen the move higher over the past couple of days."
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http://www.cnbc.com/2016/07/14/us-markets.html
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