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S&P 500 futures struggle to extend eight-day winning streak ahead of Powell comments

Por: MarketWatch Business November 09, 2023

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What’s driving markets Stocks are struggling to extend their longest rally in two years as benchmark implied borrowing costs hover near six-week lows. The S&P 500 is up 6.45% during an eight-day winning streak after the 10-year Treasury yield plunged from a 16-year peak around 5% to below 4.5% midweek on hopes signs of a cooling jobs market means the Federal Reserve has finished raising interest rates this cycle. Concerns that large supply of... + full article



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