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 October 5, 2017 - 4:26 PM EDT
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Indexes Set Records, S&P Streak Continues

Indexes Set Records, S&P Streak Continues

U.S. stocks hit record highs Thursday as the S&P 500 completed its longest winning streak in four years.

The Dow Jones Industrials added 113.75 points to Wednesday's record, finishing at 22,775.39. Goldman Sachs and Boeing contributed the most to the gains.

The S&P 500 advanced 14.33 points from Wednesday's all-time record to 2,552.07. It also posted an eight-day winning streak, its longest since 2013.

Financials and information technology led advancers in the S&P 500. The move higher in financials follows a rise in yields sparked by the House of Representatives passing a $4.1-trillion budget, the first concrete step toward tax reform.

The NASDAQ grew 50.73 points to Wednesday's record high to 6,585.36. The index also completed an eight-day winning streak.

Wall Street also looked ahead to the government's monthly employment report, which is set for release Friday morning.

Prices for the benchmark 10-year Treasury note lost ground, raising yields to 2.35% from Wednesday's 2.33%. Treasury prices and yields move in opposite directions.

Oil prices gained 75 cents a barrel to $51.02 U.S.

Gold prices reversed their field and dropped $6.10 to $1,270.70 U.S. an ounce


Source: Livemoney US Market Commentary (October 5, 2017 - 4:26 PM EDT)

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