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Resurgence In Cyclical Stocks Pushes Dow Industrials Toward New High: (XLI)
FYI: Cyclical stocks typically tied to the health of the U.S. economy have driven the Dow Jones Industrial Average near a new all-time high, illustrating renewed investor confidence in the nearly 10-year expansion.
Industrial, financial and energy stocks, including Boeing Co. , Goldman Sachs Group Inc. and Exxon Mobil Corp. , have powered the blue-chip stock index higher for nine consecutive weeks—the longest such winning streak since 1995. The 30-stock index has surged 16% over that period, a dizzying turnaround after it fell 19% from its Oct. 3 peak through Christmas Eve and nearly ended its bull-market run. Regards, Ted https://www.wsj.com/articles/resurgence-in-cyclical-stocks-pushes-dow-industrials-toward-new-high-11551016801
