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Dow Jones Industrial Average logs nine-day winning streak, longest since 1996.
The Dow Jones Industrial Average (NYSEARCA:DIA) gained five points, 0.04 percent, to make it nine days in a row without a loss on Wednesday.
Most other major U.S. indexes logged small gains as the S&P 500 (NYSEARCA:SPY) added 0.13 percent, the Nasdaq 100 (NYSEARCA:QQQ) lost two points, and the Russell 2000 (NYSEARCA:IWM) climbed 0.39 percent.
Apple (NASDAQ:AAPL) slipped 0.02 percent to finish the day at $428.35. The widely held stock remains locked in a significant bear market, below both its 50- and 200-day moving averages, and far below its highs of last September.
The major U.S. stock indexes remain in significantly overbought territory, while the Dow Jones Industrial Average sets new records day after day and the S&P 500 flirts with its all-time high, now approximately 11 points above Wednesday’s closing level.
In Wednesday’s economic reports, February Retail Sales gained 1.1 percent, up from last month’s 0.2 percent and beating expectations, and a positive spin was put on a meeting between President Obama and Congressional Republican leaders which bolstered hopes for a settlement to the sequestration spending cut standoff.
Thursday brings weekly new unemployment claims and data on producer prices.
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