USA: longest winning streak for stocks in 80 years

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Dow: Longest bull run in 80 years

Major gauges hit new milestones, but just barely; investors mull jobs

report, oil prices, talk of a Microsoft- merger.

By Alexandra Twin and Steve Hargreaves, CNNMoney.com writers

May 4 2007: 4:09 PM EDT

 

NEW YORK (CNNMoney.com) -- The Dow Jones industrial average squeaked

out another record high Friday, making this the longest bull run in 80

years, as investors cheered tame inflation numbers, talk of big

mergers and a jobs report that appeared just right.

 

The Dow (up 6.42 to 13,247.80, Charts) ended up about 0.2 percent,

according to early tallies. It's the fourth record close for the Dow

in a row. The blue-chip leader also set a new intraday high of 13,284.53.

 

The Dow has now risen in 23 of the last 26 sessions, marking its

longest bull run since the summer of 1927, when the indicator ended

higher in 24 of 27 sessions, according to Dow Jones.