Dow Jones Extends Winning Run To 11 Sessions: History Suggests Investors Should Stay Vigilant

With the closing bell on Monday, the Dow Jones Industrial Average, as tracked by the SPDR Dow Jones Industrial Average ETF (NYSE:DIA), achieved its eleventh consecutive positive session, rising by 0.52% and breaking above 35,400 points.

This marks the Dow’s longest winning streak since February 2017, when it recorded 12 positive sessions between Feb. 9-17.

The Dow has only done better once, by surging for 13 straight sessions in January 1987.

Chart: Blue Chips Rise For Eleventh Day, Longest Winning Streak In Over 6 Years

Historical data paints a mixed picture.

• After rising by nearly 5% in February 2017, the Dow fell slightly in March 2017. Between April 2017 and January 2018, the Dow recorded 10 straight months of gains.
  
• Between September and October 2017, the Dow marked eight straight weeks of increases.
  
• Between July and August 2017, the Dow posted a 10-day straight winning streak and nine-day streak in September.
  
• In January 1987, the Dow Jones surged by 13.8%, setting the strongest monthly performance until October 2022, when it rose by 14.4%.
  
• The Dow continued its ascent in February and March 1987 but experienced setbacks in April and May before resuming the rally during the summer.
  
• Between September and October 1987, the blue-chip index plummeted by over 25% due to the infamous flash crash on Oct. 19, 1987, when the Dow lost 20% in a single session.
  
• The year 1987 closed with the Dow up by only 2.3%, significantly lower than its historical annual average performance.

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