Dow gains for seventh straight session

A board on the floor of the New A board on the floor of the New York Stock Exchange shows the closing number for the Dow Jones industrial average, Friday. The index surpassed its previous record close Tuesday and logged a sixth straight increase Friday. (March 8, 2013) Photo Credit: AP

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The stock market crept higher Monday, pushing the Dow Jones industrial average to its seventh straight day of gains.

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Boeing was the Dow's top stock, surging 2.11 percent. A Boeing executive reportedly said he's confident the aircraft maker has figured out a fix for the battery problems that have grounded its 787 Dreamliner.

The last time the Dow rose for seven consecutive days was March 2012. The latest streak began last Tuesday, when the blue-chip index blew past its all-time high, then kept climbing to end the week up 2 percent.

Monday, the Dow rose 50.22 points to end the day at 14,447.29. The Standard & Poor's 500 index edged up 0.32 percent to close at 1,556.22. The S&P 500 is nine points shy of its all-time closing high reached in October 2007.

The Nasdaq composite index rose 0.26 percent to 3,252.87.

The S&P 500 gains were broad, though slight. Nine of the 10 industry groups in the S&P 500 rose, led by financial companies. That's a sign many investors believe the market and economy are on solid footing, said Quincy Krosby, market strategist at Prudential Financial. When the economy picks up, financial firms and companies in other cyclical industries tend to benefit more than others. -- AP

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