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 Dow posts longest win streak since 1992; Street prepares for Trump's speech to Congress

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PostSubject: Dow posts longest win streak since 1992; Street prepares for Trump's speech to Congress   Fri Feb 24, 2017 10:08 pm

U.S. equities closed flat to higher Friday, taking a breath from their most recent run at record levels, while investors awaited President Donald Trump's speech to Congress next week.



"I'm not necessarily expecting him to say exactly what he's going to do," said Kim Forrest, senior equity analyst at Fort Pitt Capital. She does expect Trump to indicate that some of his key proposals especially tax reform, deregulation and repealing Obamacare can be put into law sometime this year.

However, experts are concerned that this timetable may not be feasible, given Congress' agenda already includes repealing Obamacare and a Supreme Court nomination. Trump is set to speak at a joint Congress session Tuesday night.

"One of the things you can project is that we're going to get a roadmap on what they're going to do," said Art Hogan, chief market strategist at Wunderlich Securities. "I think that will be helpful."

The Dow Jones industrial average ended marginally higher, recording its 11th straight record close and its longest winning streak since 1992

https://au.finance.yahoo.com/news/stocks-break-record-rally-ahead-191826908.html
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