The Dow Jones industrial average notched its ninth gain in a row Wednesday, giving the index its longest winning streak in more than 16 years. The Standard & Poor’s 500 also edged higher. Retail stocks rose after the government said consumer spending rose in February more than economists had forecast.
The Dow rose 5.22 points, or 0.04 per cent, to close at 14,455.28.
The S&P 500 rose 2.04 points, or 0.1 per cent, to close at 1,554.52.
The Nasdaq composite rose 2.80 points, or 0.09 per cent, to 3,245.12.
For the week:
The Dow is up 58.21, or 0.4 per cent.
The S &P 500 is up 3.34, or 0.2 per cent.
The Nasdaq is up 0.75, or 0.02 per cent.
For the year:
The Dow is up 1,351.14, or 10.3 per cent.
The S&P 500 is up 128.33, or 9 per cent.
The Nasdaq composite is up 225.61, or 7.5 per cent.