Stocks Post Gains Before Trump Speech to Congress: Markets Wrap
- Dow rallies to close up and post 11 straight days of gains
- Oil and gold advance while dollar posts a loss for the week
Does the Rally in Financials Have Further to Go?
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Equities rallied in the last half-hour of trading Friday to recover losses from earlier in the session, as investors set their sights on U.S. President Donald Trump’s speech before Congress next week. Gold extended its strong run as the dollar turned lower.
The Dow Jones Industrial Average, which closed up 0.05 percent, has now hit daily highs for 11 consecutive sessions, its longest streak of records since 1987. The S&P 500 Index and Nasdaq Composite Index also finished higher, while the Russell 2000 Index lost ground.