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Stock market news today: Stocks extend win streak as investors cling to Fed rate excitement

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Investors are weighing whether the Fed is really done hiking as policymakers speak out.

Stocks continued their hot streak Tuesday, extending gains for the seventh straight session as renewed confidence in the Federal Reserve ending its tightening campaign this year lifted investors.Recent signs of a weaker US economy signaled to the market that the Fed could ease up on its rate hikes. But central bankers have said that the door is still open to additional increases, even if officials decide to pause for a time.

His comments come as Disney's stock has hit multiyear lows and activist investor Nelson Peltz is pushing for multiple board seats at the company. The Mayer, however, insisted that $30 a month is an"entirely reasonable price to get the full suite of sports that ESPN would offer."A substantial drop in inflation that comes without triggering a recession is still a possibility, said Chicago Fed President Austan Goolsbee.

Rising delinquencies spanned incomes and regions, the data showed, but they were particularly acute among millennials and those with auto or student loans.

 

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