Markets Retain Their New Year's Hot Streak

Dow up another 102 points
By Newser Editors and Wire Services
Posted Jan 9, 2018 3:39 PM CST
Trader Michael Milano, right, works with specialists Karan Virdi, center, and David Haubner, background, on the floor of the New York Stock Exchange, Tuesday, Jan. 9, 2018.   (AP Photo/Richard Drew)

(Newser) – The stock market is marking its longest New Year's winning streak in eight years as major indexes continued to notch record highs. The Standard & Poor's 500 rose for a sixth straight day Tuesday, matching the stretch of gains that rang in 2010. The S&P 500 rose 3 points, or 0.1%, to 2,751, per the AP. The Dow Jones industrials rose 102 points, or 0.4%, to 25,385, and the Nasdaq rose 6 points, or 0.1%, to 7,163.

In another sign of confidence, investors sold bonds, sending the yield on the 10-year Treasury to its highest level since March. Health care companies and banks contributed most to the gains. Johnson & Johnson rose 1.6% and Citigroup gained 1.1%. Bond prices fell, and the 10-year Treasury yield rose to 2.55%.

(Read more stock market stories.)

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