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Dow ends slight lower while S&P 500 extends longest winning streak in 2 years

Por: MarketWatch Business November 08, 2023

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The S&P 500 index has risen 6.5% over the course of its winning streak. Much of the propulsion has again come from big technology stocks. The tech-rich Nasdaq Composite is up 8.4% over a nine-day streak, also the best run in two years. Driving the advance was a sharp fall in implied borrowing costs after last week’s Federal Reserve statement, and soft October jobs data bolstered hopes that interest rate cuts could soon be on the horizon,... + full article



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