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Stocks close at historic highs, Nasdaq finishes above 9,000 points for the first time

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People walk past “The Fearless Girl” bronze sculpture, by Kristen Visbal, outside the New York Stock Exchange on March 11, 2019 in New York. – The benchmark Dow Jones Industrial Average was flat midmorning, recovering from steep early losses driven by tumbling shares in US aviation giant Boeing following Sunday’s fatal crash in Ethiopia. Around 1430, Boeing shares were down 8.4 percent at $387.01, up from the steeper plunge before the market open following the fatal crash of the Ethiopian Airlines Flight ET302 — the second involving a Boeing 737 Max 8 in five months. (Photo by Don Emmert / AFP) / RESTRICTED TO EDITORIAL USE – MANDATORY MENTION OF THE ARTIST UPON PUBLICATION – TO ILLUSTRATE THE EVENT AS SPECIFIED IN THE CAPTION (Photo credit should read DON EMMERT/AFP/Getty Images)

(CNN) — The Nasdaq Composite logged its tenth record in a row on Thursday and finished above 9,000 points for the first time ever. The index closed up 0.8%.

Its the index’s longest winning streak since July 2013. The Nasdaq has gained some 36% in 2019, putting it on track to make 2019 its best year since 2013.

Amazon was the most traded stock. Shares of the online retailer rose more than 4% after the company said it had its best holiday season on record.

Stocks rose across the board as investors were coming back from the Christmas holiday when markets were closed. The Dow closed up 0.4%, or 106 points, and the S&P 500 ended up 0.5%. Both closed at historic highs.

Despite the records, it is a quiet day on Wall Street, and European exchanges are closed for Boxing Day. Over the holiday period, trading volume and activity slows down, which can exaggerate stock market moves.

In the commodities space, US oil prices climbed to a three-month high. Prices rose to as much as $61.83 per barrel — a level not seen since September. They settled 0.9% higher at $61.68 a barrel.

Optimism about trade pushed prices up and helps the outlook for global economic growth — and with it, demand for oil.



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