U.S. stocks open slightly higher as S&P 500 aims for longest winning streak since 2004

U.S. stocks edged higher after the open on Thursday as the S&P 500 index was aiming for a ninth straight daily advance, something that hasn’t happened in nearly two decades.

According to FactSet data, the last time the S&P 500 recorded such a long winning streak since Nov. 5, 2004. What’s more, if the Nasdaq rises for what would be the 10th session, it would mark the tech-heavy gauge’s longest winning streak since Nov. 8, 2021. Traders are keen to hear what Powell might have to say about this rapid pullback in Treasury yields since the Fed’s November policy meeting last week.

Powell will speak at an International Monetary Fund panel on global monetary policy challenges, due to start at 2 p.m.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. stocks open higher with S&P 500 attempting longest winning streak since 2004Christine Idzelis is a markets reporter at MarketWatch and is based in New York.
Source: MarketWatch - 🏆 3. / 97 Read more »

Stock-market timers beware: Just 8 days account for all of the S&P 500’s 14% gain in 2023Joseph Adinolfi is a markets reporter at MarketWatch.
Source: MarketWatch - 🏆 3. / 97 Read more »

Another top Wall Street strategist says last week's spectacular stock-market rally will soon fizzle.Joseph Adinolfi is a markets reporter at MarketWatch.
Source: MarketWatch - 🏆 3. / 97 Read more »

Time to Lock in Profits as Stocks Consolidate GainsStocks Analysis by Jani Ziedins covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Jani Ziedins's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »