Amazon lifts Nasdaq to another record, set for eighth straight positive session

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  1. sniper-academy

    sniper-academy Administrator Staff Member

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    U.S. stocks rose broadly on Tuesday, with the Nasdaq on track for its longest streak of daily gains in about five months, thanks to a similarly long streak in Amazon. The Nasdaq Composite Index rose 0.6% and was set for its eighth straight positive session. That's the index's longest set of consecutive gains since a nine-day streak ending in October 2017; it has risen 6.3% over the stretch, a rally that has taken it to multiple records and accounts for the lion's share of its 10.5% year-to-date rally. One of the biggest boosts to the Nasdaq over the period has been Amazon.com Inc. , which is also set for its eighth straight daily advance, its longest streak since a nine-day rally ended in January. The online retailer has gained 7.9% over the eight-day stretch. The Dow Jones Industrial Average rose 0.7% on Tuesday while the S&P 500 was up 0.6%.

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