Economy

BREAKING NOW: Dow Tops 26,000, Wraps-Up NINE WEEK ‘Winning Streak’

posted by Hannity Staff - 2.22.19

Stocks inched up Friday as American and Chinese negotiators ended a productive round of trade talks; topping 26,000 for the first time since November of last year and finishing a nine-week “winning streak.”

“The Dow Jones Industrial Average gained 97 points as Intel outperformed. The 30-stock index briefly broke above 26,000 for the first time since Nov. 9 and was on pace to post its ninth consecutive weekly gain. The Nasdaq Composite advanced 0.5 percent as shares of Facebook, Amazon, Netflix and Alphabet all traded higher; it was also on track to notch its ninth straight weekly gain,” reports CNBC.

“It’s pretty extraordinary the amount of gain that we’ve had,” said one trading expert. “I really wish I could pick a sector that had defensive qualities right now, but everything has gone up so dramatically that when the pullback comes, it will probably be widespread.”

Read the full report at CNBC.