U.S. Stocks Gain as Dow Caps Historic 11-Day Streak at CloseBy
U.S. equities advanced amid gains in utilities and phone stocks and a last-minute surge that saw the Dow Jones adding 77 points in the final hour of trading.
The S&P 500 index added 0.2 percent to turn positive after spending the day in the red, ending at a record 2,367.34 at 4 p.m. The Dow Industrials average gained 0.2 percent, ending higher for an 11th straight day, the longest rally since January 1992.
- Phone and utility shares up at least 0.7% as the two gain more than any other industry group this week
- Nine of 11 groups ended higher, after all started in the red
- Financial companies weighed on market with 0.8% decline
- Energy shares down 0.9% as crude oil declines
- About 6.7 billion shares traded hands, same as year-to-date average
- VIX down 2% to 11.5, lowest in a week
- U.S. equity funds saw net inflows of $3 billion in the week to Feb. 22, with inflows in three of the past four weeks, according to a note from Bank of America Merrill Lynch strategists, citing data from EPFR Global
- After-market Friday: none
- Monday: AES Corp (AES), TEGNA (TGNA), American Tower (AMT), Platform Specialty Products (PAH), Berkshire Hathaway (BRK/A), Zeltiq Aesthetics Inc (ZLTQ), EOG Resources (EOG), Albemarle Corp (ALB), Exelixis (EXEL), SBA Communications (SBAC), Priceline Group (PCLN), ONEOK (OKE), ONEOK Partners (OKS), Hertz Global (HTZ), Workday (WDAY)
- Stoxx Europe 600 Index slid 0.8% at the close in its biggest drop in more than three weeks, as all industry groups declined
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