"Stock Market's Longest Win Streak in 2 Years Driven by Rate Outlook"

The S&P 500 and Nasdaq achieved their longest winning streak in two years as U.S. stocks rose, driven by a decline in U.S. Treasury yields and investors seeking clarity on interest rates from the Federal Reserve. The market is increasingly pricing in the possibility that the Fed's rate hike cycle is over, but remains sensitive to the potential for more hikes. Fed officials have been cautious in their comments on future rate paths, with some not ruling out rate cuts. Megacap growth stocks, such as Microsoft, Apple, and Amazon, benefited from the pullback in yields. The S&P 500 and Nasdaq recorded their seventh and eighth consecutive gains, respectively, while the Dow notched its longest winning streak since July.