Here’s another interesting statistical tidbit to illustrate the stock market’s extraordinary 2017 performance—in particular, the lack of pullbacks and volatility seen over this calendar year.
The Dow Jones Industrial Average DJIA, +0.23% Opens a New Window. which is knocking on the door of the 25,000 milestone and earlier this week notched its 70th record close of 2017 to break a calendar-year record that’s stood since 1995, is on track to log its longest streak of monthly gains in nearly 59 years.
The Dow was up 1.9% so far in December through Wednesday’s close. If it remains positive for the month, it will mark its ninth straight monthly rise, which would be the longest since a 12-month streak that ended in February 1959, according to The Wall Street Journal’s Market Data Group. The Dow’s run has it on track for a rise of more than 25% year-to-date, which would be its strongest since a 26.5% advance in 2013.