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VIDEO:News

Dow Extends Longest Rally in 16 Years

Description:A good old fashion nail bitter. The S&P 500 comes within two points of an all-time closing high. When the final bell sounded, the index was at 15-63, right below that 15-65 record close. The Dow rallies to yet another record in the longest winning streak since November 1996. The latest rally - fueled by another surprise drop in weekly jobless claims. Shorter unemployment lines are feeding hopes consumers will spend more, the economy will improve, and profit growth will support this rally. (1:56)

Source: Reuters

Tags: reuters

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