Dow's Friday Winning Streak: Going on 10
The Dow Jones Industrial Average is on track to close positive for the 10th consecutive Friday. Will the winning streak continue?
So far this year, the Dow industrial average rose 600 points in the last 10 Fridays. That accounts for about half of this year's point gains — the index is up 1,274 points.
The unusual streak is the longest since the first half of 2007, when the Dow industrials rose for 12 consecutive Fridays. If the market closes higher today, it will be tied for the third longest ever.
Within the Dow, seven out of thirty stocks are responsible for adding more than 50 percent of this year's point gains: International Business Machines, 3M, McDonald's, United Technologies, Chevron, Travelers, and Home Depot.