Dow Jones Extends Winning Streak As Tech Sector Falters

Retail sales across the U.S. continued to grow in June, yet at a slower pace than before. Data from the U.S. Census Bureau showed that retail sales were up 0.2% over May, showing healthy spending power across the country. The industrial average is up 2.1% on a weekly basis. GAM-OI/PIXABAY

The star of the week is the blue-chip Dow Jones, which marked a winning streak of 10 consecutive sessions through Friday, riding high on positive quarterly results from many high profile defensive stocks The industrial average is up 2.1% on a weekly basis. The last time the index had a winning streak this long was 2017.

“The tech sector is not telling the same success story, and the Nasdaq Composite felt the blow of disappointing results from companies like Netflix and Tesla. The index is down 0.42% on a weekly basis,” said Benzinga.