Just as the Miami Heat continue their win streak–now at 20 games–the Dow Jones Industrial Average has one of its own and on Thursday it hit day No. 10 of gains.
This was helped by data revealing?the labor market’s recovery was on the upswing.?
With this series of gains that started on March 5, it hasn’t been seen since the end of 1996. The streak snapped on?Nov. 15, 1996 and in December of that year, former Fed Chairman Alan Greenspan asked in the now famous speech “how do we know when irrational exuberance has unduly escalated asset values?”
Having its own party, is the S&P 500. It closed at 1,563.23, up 0.6% on Thursday, but it fell two points shy of its all-time closing high of 1,565.15.
Will it end the week with a new peak?
From the highs for the market, comes lows for the VIX. On Thursday, it closed down 4.48 percent to 11.30. This continues to represent six-year lows and surpasses Monday’s 11.56 level.
How low can it go? On Feb. 26, 2007, the VIX closed at 11.15.
Here’s a look at Friday’s numbers that could boost the streak to 11.