S&P 500, Nasdaq finish higher to clinch longest winning streaks since November 2021
(CNBC) -- The S&P 500 rose Tuesday, putting the broad-based index on pace for its longest winning streak in roughly two years as Wall Street looked to build on November’s rally.
The S&P added 0.4%, rising for a seventh consecutive day for the first time since its eight-day win streak reached in November 2021. The Dow Jones Industrial Average added 63 points, or 0.2%. The Nasdaq Composite outperformed, jumping 1.1%.
Technology stocks moved higher as yields pulled back, with the yield on the 10-year Treasury note last trading about 9 basis points lower at 4.573%. Some notable gainers included Microsoft, Apple and Amazon, last up at least 1% each. Semiconductor stocks Advanced Micro Devices, Broadcom and Intel rose around 2% ahead of the rollout of funding from the Chips Act.
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