U.S. stocks rose for the sixth day in a row Friday as major indexes continued to set records. The biggest gains went to companies that have been mostly left out of the post-election rally, including health care companies and makers of household goods.
Stocks were solidly higher throughout the day and jumped an hour before the close of trading. Coca-Cola and Pfizer both gained 2.5 percent. Investors have mostly avoided consumer goods makers and health companies in recent weeks. Instead they've bought banks and machinery companies, which could benefit more from a faster-growing economy.
"What we're seeing today is investors who are fearful they'll be left behind," said Kate Warne, investment strategist for Edward Jones. "So it may not be surprising that they're buying less aggressive stocks and sectors."
The Dow Jones industrial average climbed 142.04 points, or 0.7 percent, to 19,756.85. The Standard & Poor's 500 index rose 13.34 points, or 0.6 percent, to 2,259.53. The Nasdaq composite gained 27.14 points, or 0.5 percent, to 5,444.50. The Russell 2000 index of smaller-company stocks edged up 1.71 points, or 0.1 percent, to 1,388.07.
The S&P 500's six-day winning streak is its longest in two and a half years.
http://accesswdun.com/article/2016/12/479354/record-setting-stock-streak-hits-sixth-day