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EQUITIES: Stocks Set for Test of 20-Year Old Winning Streak

EQUITIES
  • Stock markets are poised for a mixed open on Wall Street today - with the e-mini Dow Jones broadly flat, while the e-mini S&P and NASDAQ future are very modestly higher.
  • The S&P 500 closed higher yesterday for the 8th consecutive session - a rare feat for the index, which has only stretched to a 9-day streak once in the past 20 years, when the index added 6.5% from 25th Oct 2004 to 5th November 2004. The current streak is of larger magnitude - higher by 7.9% over the past eight sessions, narrowing the gap with the alltime closing high at 5667.20.

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