Dow Stock Index on Brink of Historic Winning Streak as Markets Await Fed

The Dow Jones Industrial Average rose for a 13th straight session, equaling its best winning streak on record as investors grow confident the economy will withstand the Federal Reserve’s efforts to quell inflation.

An 8% rally in Boeing Co. lifted the blue-chip index to a 0.2% gain Wednesday. The planemaker’s cash generation in the second quarter far exceeded expectations, boosting shares enough to offset the drag from Microsoft Corp., which sank 3.8% after posting tepid quarterly sales growth. The 30-stock gauge has advanced more than 5% over the streak that began July 10. The broader S&P 500 Index is up 3.8% in that time. The Dow industrials last notched 13 consecutive advances in January 1987.

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