The Nasdaq 100, tracked by the Invesco QQQ Trust (NASDAQ:QQQ), is entering record territory with a 12-day streak on the line Friday and a chance to have the longest daily gain streak since 2013 when the week is over.
Here’s a look back at the other times the index has had a 12-day win streak and how close the record is from being broken.
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Nasdaq 100 12-Day Win Streaks
On Thursday, the Nasdaq 100 reached 12 straight days of positive gains, marking only the eighth time this feat has been accomplished since the index was created back in 1985.
The gains come as Middle East tension sent markets lower earlier this year and has caused extreme volatility for investors. Markets have traded higher in recent weeks, with both the Nasdaq 100 and S&P 500 hitting all-time highs.
The index could also break its record for the longest streak if it continues to post daily gains. Here’s a look at the past times when the index has traded higher for 12 or more days, with data from Carson Group Chief Market Strategist Ryan Detrick:
- Feb. 18, 1986: 12 days
- May 24, 1990: 19 days (record)
- Jan. 9, 1992: 13 days
- July 23, 2009: 12 days
- March 12, 2010: 13 days
- July 15, 2013: 14 days
- July 24, 2017: 12 days
- April 16, 2026: 12 days (current streak)
A positive gain on Friday would extend the current streak to 13 days and see the index accomplish something that has only been done four other times.
The Nasdaq 100 could head for record …
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