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Wednesday, November 27, 2013 5:06 pm

News Summary: Dow gains for fifth straight day

The Associated Press

FIVE STRAIGHT: The Dow Jones industrial average rose for a fifth straight day, its longest winning streak since March, after some encouraging reports on the jobs market and consumer confidence. The index has closed at an all-time high 44 times this year.

TECH BELLWETHER: Technology stocks got a boost from Hewlett-Packard. The PC maker surged after it posted a $1.4 billion profit for its latest quarter, reversing a year-ago loss thanks to cost cuts from the ongoing restructuring of its business. The company also maintained its previous outlook for the fiscal year.

FALLING OIL: Chevron and Exxon Mobil fell after oil closed below $93 a barrel for the first time in nearly six months. The U.S. government reported the 10th straight weekly increase in crude oil supplies.
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