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Home>UPDATE: Dow gains steam in afternoon trade; S&P 500 aims for 6-day win streak

UPDATE: Dow gains steam in afternoon trade; S&P 500 aims for 6-day win streak

UPDATE: Dow gains steam in afternoon trade; S&P 500 aims for 6-day win streak

10/04/2017

By Anneken Tappe and Ryan Vlastelica

Vehicle sales come in better than expected, help add to market optimism

U.S. stock benchmarks clambered deeper into record territory Tuesday, setting the S&P 500 on course for its sixth gain in a row, as investors took their cues from upbeat data, including a report on vehicle sales.

What stock benchmarks are doing

The Dow Jones Industrial Average rose 85 points, or 0.4%, to 22,643. The S&P 500 rose 5 points to 2,534, an increase of 0.2%.

The Nasdaq Composite Index rose 13 points, or 0.2%, to 6,529.

The S&P has gained for five consecutive trading days, its longest winning streak since a six-session advance that ended Sept. 1. The Dow has advanced in four straight sessions, while the tech-heavy Nasdaq has risen for five sessions in a row.

The Russell 2000 , meanwhile, was trading little changed at 1,509, after hitting an all-time high in early trading. The small-cap index has moved in fits and starts in recent trade but has trounced its larger-benchmark peers over the past 30 days, up nearly 7%, compared with a 3% rise for the Dow and a 2.3% gain for the S&P in that same period.

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