After 10 days of gains, the Dow is one its longest winning streaks ever -- only three others top it. The Dow added nearly 84 points yesterday, closing at 14,539, another new high. The broader indexes were also higher, with the Nasdaq gaining 14 points and the S&P 500 index about nine putting it less than two points from its record high. Futures trading suggests a flat opening today.
- International stock markets mostly refrained from big moves today as traders waited for a report on U.S. industrial production and other data expected to show additional signs of recovery. Benchmark crude oil rose to remain above $93 per barrel. The dollar fell against the euro and was unchanged against the yen.
- The Labor Department releases Consumer Price Index for February. Inflation at the consumer level has been low for the past year, with the CPI rising just 1.7 in 2012. The January report was flat. Later this morning, the Federal Reserve releases its report on industrial production for February.
- Boeing says it's "within weeks" of resuming commercial flights of its 787 jets, which were grounded because of battery overheating. Boeing says it hasn't pinpointed the issue, but outlined a fix today that has many layers of safeguards to prevent overheating. It also has measures to contain any problems.
- Three and a half years into its government-debt crisis, there are signs that Europe is adopting a gentler approach toward austerity. The European Union is relaxing its enforcement of deficit limits and countries that were bailed out are being given more time to repay loans. Political leaders are trying to temper policies which have stifled growth and made it harder for many countries to bring their deficits under control.
© 2013 Associated Press. All rights reserved. Material may not be redistributed.