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
Markets Match Fastest New Year's Start in Years
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)

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%.

(More stock market stories.)

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