Dow hits new record with 13th day winning streak
Yardeni Research, Inc. President Ed Yardeni reacts to the Federal Reserve lifting 25 basis points on 'Making Money.'
The Dow Jones Industrial Average notched its 13th straight day of gains on Wednesday, a feat not seen since 1987 when Ronald Reagan was in the White House. The benchmark added a modest 82 points or 0.23% to hit the milestone, which is now at the highest since February 2022, as tracked by Dow Jones Market Data Group. , is playing catch up to the Nasdaq Composite and the S&P 500, which have gained 35% and 19%, respectively, over the same period. , according to Art Hogan, chief market strategist, at B. Riley Financial.
"We have had a market that was dominated by a handful of artifical intelligence darlings, mega cap stocks and now that baton has been handed off to some of the small caps and other performing sectors, so I think we have a market that is a much healthier place than it was going back to Memorial Day" he said during an appearance on "Kudlow" with Larry Kudlow.
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