The Dow Turned Positive. Its Winning Streak Is at Stake.
The Dow Jones Industrial Average turned higher on Thursday, as the index looked to string together its seventh-straight session of gains.
After opening lower, the Dow was up 116 points, or 0.3%. The S&P 500 was up 0.1%. The Nasdaq Composite was down 0.1%.
The Dow is riding a six-session winning streak, gaining 3.3% over the last seven days. It would be its longest streak since it rose for nine days in December, according to Dow Jones Market Data. During six-day streaks, the index has averaged a gain of 3.6% since 1950.
Since its inception, the Dow has risen for seven-straight days 190 times, according to Dow Jones Market Data. Since 1950, it has risen five or more straight days 369 times. After such a streak ends, the index averages a gain of just 0.02% in the month that follows. The index is up 53% of the time in the month that follows.