NEW YORK – The Dow Jones industrial average has reached another milestone, recording its longest winning streak since 1996.
The index rose for the 10th straight day Thursday, gaining 83.86 points to close at 14,539.14. That’s an increase of 0.6 percent.
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The last time the Dow knocked out 10 straight days of gains was November 1996. Back then, Internet companies were still lining up to go public and President Bill Clinton had just won another term in the White House.
Encouraging news on jobs gave the market an early lift. The Standard & Poor’s 500 index closed within two points of its all-time high reached in October 2007.
The S&P 500 index gained 8.71 points to 1,563.23, a gain of 0.6 percent.
Signs that the economic recovery is gaining strength have propelled the market higher since the beginning of March.
Last month, the unemployment rate dipped to 7.7 percent, the lowest level since December 2008. Adding to evidence that the job market is improving, fewer Americans sought unemployment benefits last week.
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