Nasdaq Composite on track to book longest winning streak in four months as U.S. stocks extend rally in final hour of trade

U.S. stock indexes rose in the final hour of trade on Wednesday, with Nasdaq Composite attempting to log its longest winning streak since September 12, according to Dow Jones Market Data. Investors await Thursday's inflation report which is due at 8:30 a.m. eastern and may determine the size of the Federal Reserve's next interest rate increase in February.

The headline inflation is expected to rise 6.5% year over year, while the core price measure that strips out volatile food and fuel costs, is forecast to rise 0.3% from the previous month, or 5.7% from a year ago. The Nasdaq Composite COMP, +1.39% jumped 1.5%, while the S&P 500 SPX, +0.99% rose 1.1% and the Dow Jones Industrial Average DJIA, +0.61% advanced 0.7%.

Remember 2008 and 2009 Some of the biggest rallies come in bear markets.

Thanks Joe

Business Business Latest News, Business Business Headlines

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

Stocks close higher as investors await inflation report, Nasdaq notches 3-day win streakStocks advanced Tuesday as investors continued building on the new year’s early rally while awaiting economic data and corporate earnings coming later this week. The Dow gained 0.56%. The S&P 500 rose 0.70%. The Nasdaq popped 1.01%. Wow the Dow .56% up.. you guys used a lot of words to talk that up.. Whoopee.😉😆 Did any index snap or crackle? I love SaraEisen
Source: CNBC - 🏆 12. / 72 Read more »

5 things to know before the stock market opens WednesdayHere are the most important news items that investors need to start their trading day. Tl;dr ur fugged one of them should be to sell lol 😂 Going to watch cyber security stocks like Crowdstrike and Palo Alto Networks rally with this FAA news. This is no accident.
Source: CNBC - 🏆 12. / 72 Read more »