{"id":2093154,"date":"2023-11-07T16:59:02","date_gmt":"2023-11-07T21:59:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sp-500-nasdaq-score-longest-win-streak-in-2-years-on-rates-view\/"},"modified":"2023-11-07T17:01:35","modified_gmt":"2023-11-07T22:01:35","slug":"sp-500-nasdaq-score-longest-win-streak-in-2-years-on-rates-view","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sp-500-nasdaq-score-longest-win-streak-in-2-years-on-rates-view\/","title":{"rendered":"S&#038;P 500, Nasdaq score longest win streak in 2 years on rates view"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsp-500-nasdaq-score-longest-win-streak-in-2-years-on-rates-view%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2093154&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<h2>Stocks Rise as U.S. Treasury Yields\u2062 Retreat<\/h2>\n<p class=\"timestamp\">9:23 PM UTC \u2013 November \u20637, 2023<\/p>\n<p class=\"news\">U.S. stocks \u2063soared on Tuesday, with the S&#038;P 500 and \u2064Nasdaq experiencing their longest winning streak in two\u200d years. The decline in U.S. Treasury yields boosted megacap growth stocks, while investors eagerly awaited\u2063 the Federal Reserve&#8217;s stance on interest rates.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-3\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-3'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>The benchmark 10-year Treasury note yield was on track for its fifth decline in six sessions, signaling that the\u2063 Fed may have concluded its rate hike cycle. Yields continued to drop after a successful auction of $48 billion in 3-year notes, with auctions of the 10-year note and 30-year bond scheduled later in the week.<\/p>\n<p>While expectations of the Fed&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/futures-inch-up-as-megacaps-recover-after-sharp-decline\/\" title=\"Futures rise as megacaps rebound from steep drop.\">rate hike cycle coming<\/a> to an \u2062end have grown, the market remains cautious\u200c about the possibility of further hikes. Central bank officials have been careful in their comments regarding future rate adjustments.<\/p>\n<p>According to CME&#8217;s FedWatch Tool, the market is currently\u200b pricing in a \u200b90.2% chance that the Fed will maintain\u2062 rates at its December policy meeting, up from 68.9% a week ago.<\/p>\n<p>Fed Governor Christopher Waller described the third-quarter U.S. economic growth as a &#8220;blowout&#8221; performance that warrants attention as\u2063 the central bank considers \u2062its next policy moves. Fellow Governor Michelle Bowman interpreted the recent Gross Domestic Product \u2063number as evidence of a strong\u2062 economy that may \u200drequire a higher Fed policy rate.<\/p>\n<p>Federal Reserve\u2062 Bank of Minneapolis President \u200dNeel Kashkari and Chicago Fed President Austan Goolsbee have \u2062not ruled out rate cuts.<\/p>\n<p>Fed Chair Jerome Powell is scheduled to speak on Wednesday and Thursday.<\/p>\n<p>Ken Polcari, managing partner at Kace Capital Advisors in Boca Raton, Florida, commented, &#8220;That is the story today, that the Fed is done, but yesterday it\u2064 was\u2062 maybe not. Powell is \u2063going to speak on Thursday so that is going to leave \u200bthe door\u200c open.\u2064 But what the market is telling you \u2013 the market,\u2064 traders \u2013 are pushing for is we\u2019re all done, it\u2019s a \u2063rate cut, almost as \u2063if they are trying \u200bto force the\u200b hand.&#8221;<\/p>\n<p>The decline in yields boosted megacap growth stocks, including Microsoft, Apple, and Amazon, \u2064which were the biggest contributors to the gains in both the S&#038;P 500 and Nasdaq.<\/p>\n<p>The Dow Jones Industrial Average rose 56.94 points, or 0.17%, to 34,152.8; the S&#038;P 500 gained 12.40 points, or\u200d 0.28 %,\u200b at 4,378.38; and the Nasdaq Composite added\u200d 121.08 points, or 0.90 %, \u200bat 13,639.86.<\/p>\n<p>The S&#038;P 500 achieved its seventh consecutive day \u200dof gains, while the Nasdaq recorded its eighth\u200b straight advance, marking the longest winning streak for both \u200cindices in \u2062two years. The Dow saw its seventh consecutive session of gains,\u2063 the longest since a 13-session\u200d run in July.<\/p>\n<p>The energy sector was the worst performer, \u200cfalling 2.2% due to concerns about demand and a stronger dollar.<\/p>\n<p>Dallas Federal\u200b Reserve Bank President Lorie Logan stated that while she supported keeping the Fed&#8217;s policy\u200d rate unchanged last week to assess if financial conditions are tight enough to curb inflation,\u200d the rate still remains too \u200dhigh.<\/p>\n<p>Uber Technologies rose 3.7% after <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sp-500-nasdaq-score-longest-win-streak-in-2-years-on-rates-view\/\" title=\"S&#038;P 500, Nasdaq score longest win streak in 2 years on rates view\">projecting higher fourth-quarter adjusted\u2062 core\u200c profit<\/a>.<\/p>\n<p>Datadog surged 28% after raising \u2063its forecast for annual\u200b adjusted profit \u2064and revenue.<\/p>\n<p>On the NYSE, declining\u2064 issues outnumbered advancers \u200bby a ratio of 1.2-to-1, while on the \u200cNasdaq, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/stock-market-plunges-as-recession-fears-soar\/\" title=\"Stock Market Plunges as Recession Fears Soar\">declining issues outnumbered advancers<\/a> by a ratio of 1.1-to-1.<\/p>\n<p>The S&#038;P 500 recorded 15 \u200cnew 52-week highs and three new lows, while the Nasdaq recorded 48 new \u200bhighs and 145 new lows.<\/p>\n<p>Volume\u2063 on U.S. exchanges was 10.08 billion shares,\u2064 compared\u2064 with the 10.94 billion average for the full session over the last 20 trading days.<\/p>\n<p>Reporting by Chuck Mikolajczak; Editing by Richard Chang<\/p>\n<\/p>\n<div id=\"rc-widget-10bad2\" data-rc-widget data-widget-host=\"habitat\" data-endpoint=\"\/\/trends.revcontent.com\" data-widget-id=\"278641\"><\/div>\n<p class=\"dpsp-share-text\" style=\"margin-bottom:10px\"> \t\t \t\tShare \u200cthis post!\t<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Senators Urge Iran and Israel to Exercise Restraint<\/h3>\n<p class=\"news\">Senators Lindsey \u200bGraham and Richard Blumenthal call on Iran to stay out of the Israel-Hamas conflict, while also urging Israel to halt military operations.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Diversity, Equity, and Inclusion Fueling Jew Hatred on School Campuses<\/h3>\n<p class=\"news\">Former\u200c DEI Dr. Tabia Lee discusses how diversity, equity, \u200band inclusion are contributing \u200dto anti-Semitism on school campuses across the nation in an interview with One America&#8217;s Stella Escobedo.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>New York \u200dVoters Head to the Polls<\/h3>\n<p class=\"news\">Today,\u200b New York voters will participate in general elections, deciding on various races and ballot questions.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Examining the Biden Administration&#8217;s Approach \u200bto the Israel Conflict<\/h3>\n<p class=\"news\">While the Biden Administration explores &#8220;humanitarian pauses&#8221; in the\u2062 Israel conflict, One America&#8217;s Chief White House \u2064Correspondent Monica Paige speaks \u200cwith a combat veteran about how this\u2062 approach may incentivize \u2064more hostage situations.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>EU Implements Rules for Big Tech<\/h3>\n<p class=\"news\">The European Union introduces regulations requiring clear labels for political ads, funding, and election targets before key votes.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Britain Holds Makers of Self-Driving Cars\u200b Liable for Crashes<\/h3>\n<p class=\"news\">Under a new framework for developing autonomous vehicles, Britain will make the manufacturers of self<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sen-blumenthal-graham-want-israel-humanitarian-pause\/\" title=\"Sen. Blumenthal, Graham Want Israel Humanitarian Pause\">-driving cars legally responsible<\/a> for \u2062any accidents.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Elon \u2062Musk&#8217;s Platform Restrictions Disrupt Social Media Studies<\/h3>\n<p class=\"news\">Over 100 \u2062social media\u200d studies on \u2063X (formerly Twitter) have been disrupted due to Elon Musk&#8217;s restrictions\u200c on platform access.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>NTT Collaborates with Toyota for \u2063Driverless Tech Tests<\/h3>\n<p class=\"news\">NTT partners with Toyota \u200dfor driverless technology tests and invests in a U.S. self-driving\u2064 startup.<\/p>\n<\/p><\/div>\n<p> rnrn  <\/p>\n<h2> How did the decline\u200c in U.S. Treasury yields impact\u2064 the rise in U.S. stocks?<\/h2>\n<p><span>  Stocks\u200c Rise as U.S. Treasury Yields\u2062 Retreat<\/p>\n<p>U.S. stocks\u200d \u2063soared \u2063on \u2063Tuesday, with the S&#038;P 500 and \u2064Nasdaq experiencing \u200dtheir\u200c longest winning streak in two\u200d years. The decline in \u2063U.S. Treasury yields boosted megacap growth stocks, while investors\u2063 eagerly awaited\u2063 the Federal Reserve&#8217;s stance\u2064 on interest rates.<\/p>\n<p>The benchmark\u200d 10-year Treasury note yield was on track for its\u2063 fifth\u2063 decline in \u2062six sessions,\u200c signaling \u2063that the\u2063 Fed may have concluded its \u200crate hike cycle. Yields \u200bcontinued to drop after a successful auction of $48 billion in 3-year notes, with auctions of the 10-year note and 30-year bond scheduled later in\u2063 the week.<\/p>\n<p>While expectations of the Fed&#8217;s rate hike cycle\u200c coming to an \u2062end have grown, the \u200bmarket remains cautious\u200c\u2063 about\u200b the possibility of further hikes. Central bank officials have been careful in their comments regarding future rate adjustments.<\/p>\n<p>According to CME&#8217;s FedWatch Tool, \u200cthe market is\u200d currently\u200b pricing in a \u200b90.2% chance \u2064that \u2064the Fed will maintain\u2062 rates at its December policy\u2062 meeting, up from 68.9% a week ago.<\/p>\n<p>Fed Governor Christopher\u200d Waller described the third-quarter U.S. \u200ceconomic growth as a &#8220;blowout&#8221; performance that warrants attention\u2064 as\u2063 the central\u200b bank considers \u2062its next policy \u200dmoves. Fellow Governor Michelle Bowman interpreted the recent Gross\u2063 Domestic Product \u2063number as evidence of a strong\u2062 economy that may \u200drequire\u2062 a higher Fed policy \u2063rate.<\/p>\n<p>Federal Reserve\u2062 Bank of\u2062 Minneapolis President \u200dNeel Kashkari \u2062and Chicago Fed\u2063 President Austan Goolsbee have \u2062not ruled \u200bout rate \u2062cuts.<\/p>\n<p>Fed\u200b Chair Jerome Powell is scheduled to \u2064speak on Wednesday and\u2064 Thursday.<\/p>\n<p>Ken Polcari, \u200cmanaging partner at Kace Capital Advisors in Boca Raton, Florida, commented, &#8220;That is the story today, that the Fed is done,\u2062 but yesterday it\u2064 was\u2062 maybe not. Powell is \u2063going to speak on Thursday so that is going\u2062 to\u200c leave \u200bthe door\u200c open.\u2064 But<\/p>\n","protected":false},"excerpt":{"rendered":"<p>9:23 PM UTC \u2013 November 7, 2023 (Reuters) \u2013 U.S. stocks rose on Tuesday, with the S&amp;P 500 and Nasdaq notching their longest streak of gains in two years, as a retreat in U.S. Treasury yields buoyed megacap growth stocks while investors sought more clarity on interest rates from the Federal Reserve. Advertisement The benchmark<\/p>\n","protected":false},"author":1911,"featured_media":2093155,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2093154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2093154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1911"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2093154"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2093154\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2093155"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2093154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2093154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2093154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}