Stock Market Today: Dow Win Streak Continues After Goldman Sachs Earnings

The blue chip index closed higher for an eighth straight day Wednesday, its longest win streak since September 2019.

Goldman Sachs signage on building door
(Image credit: Bloomberg/Getty Images)

Stocks opened higher Wednesday as Wall Street cheered an encouraging inflation report from overseas. Investor sentiment also got a lift from the latest round of corporate earnings reports, particularly those coming from the financial sector, which helped the Dow Jones Industrial Average extend its longest daily winning streak in almost four years. 

Data from the U.K. overnight showed inflation rose 7.9% in June, below the 8.7% increase seen in May and less than economists were expecting. Core inflation, which excludes volatile food and energy prices, at 6.9%, also came in below estimates, as well as the previous month's 7.9% reading.  

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.