Dow Nabs New Record With 5th-straight Triple-Digit Pop

Stocks continued their climb today, with all three major indexes notching their sixth-straight win thanks to the latest retail sales data. Bond yields took a tumble as investors cheered next year’s potential rate cuts, with the 10-year Treasury yield breaching 4% for the first time since August. The Dow once again closed at all-time highs for a fifth-straight triple-digit pop, while all three major indexes shrugged off brief midday pivots into negative territory.Summary 1214NYSE Nasdaq 1214Earnings 1214Sectors 1214

Oil futures rose for the second straight day, with West Texas Intermediate (WTI) crude for January delivery adding $2.11, or 3%, to settle at $71.58 a barrel.Gold prices rose sharply as well, as a weakened U.S. dollar provided support for the safe-haven asset. February-dated gold futures climbed $47.60, or 2.4%, to settle at $2,044.90 an ounce — the largest daily percentage gain since October. More By This Author:Dow Extends Rally As Treasury Yields Tank
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