NEW YORK, May 7, 2007 — Dow Jones Indexes, a leading global index provider, today announced the Dow Jones Industrial Average (”The Dow”) is nearing an 80-year record for the longest streak of gains with three declining days in between. The previous record was set in 1927 when The Dow posted gains in 24 of 27 trading sessions starting on July 1.
If The Dow ends today’s trading session in positive territory, it will match the 1927 record of posting 24 gains in 27 trading sessions. If The Dow ends Tuesday’s trading session in positive territory, it will set a new record for the longest streak with a three-day decline.
Of the past 26 trading sessions, The Dow had 10 all-time high closing values.
Below are additional stats for the Dow Jones Industrial Average:
As of Friday, May 4, 2007
The Week Ahead: May 7-11, 2007 Events
May 9 - Federal Open Market Committee meeting
May 10 - U.S. Import and Export Price Index, April report, U.S. Department of Labor, Bureau of Labor Statistics
All week - Company earnings reports
The Dow Jones Industrial Average was created by Charles Dow in 1896 to gauge the new industrial economy. Since then it has grown to represent the pillars of the U.S. economy. Today, The Dow stands as the world’s most widely cited U.S. market indicator.
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