US stocks inch up; Citi leads banks higher
NEW YORK (AP) — Stocks are notching small gains on Wall Street, giving the market its longest winning streak since January.
The Dow Jones industrial average got a boost from a big gain in Boeing. Traders were relieved that the cause of a fire in one of Boeing’s 787s was not the plane’s batteries, which had grounded the plan earlier.
The Dow gained 20 points, or 0.1 percent, to 15,484 Monday.
The Standard & Poor’s 500 rose two points, or 0.1 percent, to 1,682. Both indexes are at all-time highs, not counting inflation.
The Nasdaq rose seven points, 0.2 percent, to 3,607.
Banks rose after Citigroup beat analysts’ earnings estimates.
Three stocks rose for every two that fell on the New York Stock Exchange. Volume was very light at 2.6 billion shares.