published Thursday, March 14th, 2013

Dow extends winning streak to 10 in a row, its longest since 1996

  • photo
    Trader Gordon Charlop, right, works on the floor of the New York Stock Exchange.
    Photo by Associated Press /Chattanooga Times Free Press.

NEW YORK — The Dow Jones industrial average has reached another milestone, recording its longest winning streak since 1996.

The index rose for the 10th time in a row Wednesday, gaining 83 points to close at 14,539, an increase of 0.6 percent. It broke through its previous all-time high March 5th and has kept on going. The Dow has had only three longer winning streaks in its history.

The Standard & Poor’s 500 index closed less than two points below its own record high, gaining eight points to close at 1,563, a gain of 0.6 percent.

The Nasdaq composite rose 13 points, or 0.4 percent, to 3,258.

Two stocks fell for every one that rose on the New York Stock Exchange. Volume was lighter than average at 3.4 billion shares.

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