Six Months Later...the Rally Lives On

Trivia Question: Despite today’s small pullback, stocks this week have continued to build on their gains since the now 6-month old rally began back at the beginning of July, when the major indices hit their 2010 lows. Since then, what is the sole Dow stock that has failed to muster up a gain? (Answer towards the end of the post.)

More new highs for the major indices today. Getting tired of hearing that? Bulls certainly aren’t.

The big theme of the week (better-than-expected economic news) continues to hold and propel stocks to new highs. Another round of strong economic data on Wednesday (ADP Employment and ISM Services reports) fueled the modest gain as the big cap indices (Dow Industrials, S&P 500, and Nasdaq Composite) all rose to new multi-year highs once again.

With the gains yesterday, the Dow has now been up every day so far in 2011. With 3 straight days of gains to ring in the year, the Dow is having its longest winning streak to start a year since 2006, when it rose 5 days in a row to kick off January.

Here’s an update on how the major indices and sectors have performed since those July lows:

Trivia Answer

Trivia Answer: Cisco is the lone Dow component that is down since the major indices hit their lows in July.

Here’s a look at the entire Dow 30 since the Dow’s July lows:

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