Market extends 2-month streak of gains
NEW YORK — Investors expecting a pullback in stocks are going to have to wait. As of yesterday, the Dow Jones industrial average marked its longest winning streak in more than six years.
Stocks climbed again yesterday after a strong report on new home sales offset mixed news from corporate earnings reports. The Dow Jones industrial average closed the day higher for the 11th time in the past 12 trading days.
The 70-point gain wrapped up the index's eighth straight weekly rise, which matches its longest string of gains since a two-month stretch that ended in January 2004. The Dow is up 8.5 percent during its two-month climb.