A Record in Records for U.S. Stocks Rallying Sixth Straight Week
- Momentum hard to stop with Nasdaq highs matching dot-com era
- History shows half of years see equities making fresh highs
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Earnings-day blowups, leverage warnings in China, Apple’s worst rout since August. Oh, and a sixth straight week of gains for the S&P 500.
No matter what happens lately, stocks just keep rising, with record closes piling up in U.S. benchmarks at a rate that is starting to defy precedent. The Nasdaq 100 Index has finished at all-time highs 62 different times this year, on par with the most ever in 1999, while the S&P 500 and Dow Jones Industrial Average are closing in on history, too.