Daily Financial News - Mortgage | Real Estate | Stock Market
Dow Win Streak Rises to 8 - CNNMoney.com -- Buying in select blue chips Thursday propelled the Dow to its eighth straight gain and the highest close in nearly 18 months, but the broader market churned as investors showed some reluctance after the recent rally.
The Dow Jones industrial average added 45 points, or 0.2%, ending at the highest point since Oct. 1, 2008. The Dow has now ended higher for eight straight sessions -- matching the winning streak that ended on Aug. 27 of last year.
The S&P 500 index ended just below unchanged after finishing the previous session at its highest point since Sept. 26, 2008. The Nasdaq composite added a few points and ended at the highest point since Aug. 28, 2008, nearly 19 months.
Treasurys Fall as Stocks Churn - CNNMoney.com -- Treasurys fell on Thursday as the stock market churned and as investors look ahead to the government's auction of $118 billion in notes next week.
What prices are doing: The benchmark 10-year note fell 9/32 to 99-20/32 and its yield rose to 3.68%. The 30-year bond fell 9/32 to 100-20/32 and its yield rose to 4.59%. Bond prices and yields move in opposite directions.
The 2-year note fell to 99-27/32 with a yield of 0.96%. The 5-year note fell to 99-27/32 with a yield of 2.42%.
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