Dow Jones stock index hits best winning streak in 30 years

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http://www.bbc.com/news/business-39107686

The US Dow Jones stock index has closed at a record high for the 12th day running as Donald Trump promised a “big” infrastructure announcement.

It is the longest winning streak for the share index since January 1987.

Analysts said Wall Street was buoyed by hopes the US president would set out more on his spending and tax plans in a speech to Congress on Tuesday.

The Dow Jones Industrial Average, one of the US’s three main stock indexes, finished 15 points higher at 20,837.

Ahead of the speech, Mr Trump said: “We’re going to make it easier for states to invest in infrastructure and I’m going to have a big statement tomorrow night on infrastructure.”

The president also said he would seek to boost defence spending by $54bn (£43bn), a 10% rise, in his proposed budget plans for 2018.

As well as significantly raising infrastructure spending, Mr…

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