Investing.com -- U.S. stocks edged higher on Wednesday, setting the indexes on a path to extend their longest winning streak in two years.The main indexes on Wall Street have been on a strong run of late, with last week's surprisingly soft jobs data adding to expectations that interest rates had peaked.
The benchmark S&P and tech-heavy Nasdaq notched their seventh and eighth straight day of gains on Tuesday, respectively, in the longest winning streak for both indices since 2021. The 30-stock Dow also posted its seventh consecutive positive day. However, Fed commentary this week has tended to warn against complacency in the fight against inflation, and this brings Fed chief
Powell appeared at the Federal Reserve's Division of Research and Statistics centennial conference this morning, and investors were hoping for more clues on how long monetary policy could stay restrictive. But Powell didn't address monetary or economic policy issues. He is, however, scheduled to appear on Thursday on another conference panel.