Breaking News

Dow aims for longest win streak in 6 months, powered by Home Depot, J&J stocks, in early trade

The Dow Jones Industrial Average climbed Friday, with the blue-chip gauge on the right track for its longest win streak in about six months, highlighting a tentative return of optimism in the purchasing mood on Wall Street. Some buyers have attributed fresh positive aspects to the pullback in the U.S. greenback, as measured via the ICE U.S. Dollar Index DXY, -Zero.18% and the muted motion in executive bonds yields, underlined via the 10-year Treasury note yield TMUBMUSD10Y, +Zero.19% preserving beneath a key mental level at three%. The Dow rose 62 issues, or Zero.three%, to 24,797, striking it on the right track to guide a seventh directly achieve matching a similar streak ended Nov. eight. Those positive aspects have been propelled partly via advances in shares of Home Depot Inc. HD, +1.68% and Johnson & Johnson JNJ, +1.51% Meanwhile, the S&P 500 index SPX, +Zero.17% rose Zero.1% to 2,725, while the technology-centered Nasdaq Composite Index COMP, -Zero.03% retreated via Zero.1% to 7,397. For the week, the Dow and S&P 500 and the Nasdaq are on tempo to rise via more than 2%, with the S&P and Dow halting a skid of declines in a row. In financial reports, a reading of industry, confirmed, the import-price index, rose Zero.three% in April because of the higher price of oil, softer than the Zero.five% achieve anticipated via economists surveyed via Econoday. Excluding fuel, import costs rose Zero.2% last month. U.S. crude-oil costs CLM8, -1.19% rose to the best level since November 2014 above $71 a barrel partly fueled via President Donald Trump's determination to go out from the multilateral Iran nuclear pact, which is seen as supportive to crude costs mountain climbing.

Read the whole tale: Dow marks longest win streak in 6 months as inventory gauges log sharp weekly positive aspects