The roaring rebound for stocks this year just made history.
Both the Dow Jones Industrial Average and Nasdaq Composite Index have yet to register a weekly decline so far this year. With more gains to close this week, both major indices notched a nine-week winning streak that started in the last week of the year.
This is the first time since 1964 that the Dow has rallied in each of the first nine weeks to kick off the year. The previous back-to-back week record was hit in 1964, when the Dow rose in all of the first 11 weeks through mid-March. Throughout those weeks, the Dow jumped 7 percent which was about half of its 14.6 gain for that year. Total, the Dow saw a 13-week winning streak that started in the last two weeks of 1963.