Stocks: S&P 500 Index Posts First Seven-Day Positive Streak Since October 2006

by Colonel on January 25, 2013

“The Dow Jones Industrial Average climbed 46.00 points, or 0.33 percent, to end at 1,3825.33, led by Cisco and Boeing. Alcoa led the blue-chip laggards.

The Dow is up nearly 5.5 percent so far this month, on pace for the best January performance since 1997 when the index rose 5.7 percent. …

The S&P 500 squeezed out a gain of 0.01 points to finish at 1,494.82, logging its first seven-day win streak since October 2006. Earlier, the index crossed above 1,500 for the first time since December 2007. …

Meanwhile, the Nasdaq declined 23.29 points, or 0.74 percent, to close at 3,130.38, mainly dragged by Apple. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended above 12.

Most key S&P sectors finished in positive territory, led by consumer discretionaryand health care, while techs slumped.

” — JeeYeon Park, Copyright 2013 CNBC LLC

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