"Stocks Extend Winning Streak Amid Fed Rate Excitement and Tech Stock Surge"

Stocks extended their winning streak for the seventh consecutive session as investors remained optimistic about the Federal Reserve ending its tightening campaign this year. The S&P 500 and Nasdaq Composite both rose, while the Dow Jones Industrial Average increased. However, cautious voices, including Minneapolis Fed President Neel Kashkari, warned that the central bank may still have more work to do to control inflation. In other news, former Disney executive Kevin Mayer believes that a $30 monthly price tag for the new ESPN streaming service is reasonable, despite skepticism from Wall Street. Additionally, Chicago Fed President Austan Goolsbee stated that a substantial drop in inflation without triggering a recession is still possible, and a study by the Federal Reserve Bank of New York revealed that credit card debt and missed payments have surged.