The Dow Jones industrial average rolled to its third consecutive 100-point gain yesterday, pushing back above 8,000 as Wall Street continued its recovery. The Dow, which rose 108 points on Monday and nearly 115 on Tuesday, rose another 103.13 points to 8,021.23, making it the first three-session streak of 100point gains in history.
Broad market indices also advanced for the third straight day, led again by the technology-rich Nasdaq composite index.
The rally came despite a weak day in the bond market, where interest rates rose after a robust reading on export activity aggravated some inflation fears.
Analysts also noted that bonds performed well last week as stocks were falling, and now may be seeing some resistance as investors secure some gains and flock back toward stocks.
Advancing issues outnumbered decliners by more than two-to-one on the New York Stock Exchange, with 1,954 up, 901 down and 546 unchanged.
:quality(70)/cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/VR3765MFOBH2NMV2QNICYDF67M.png)