Stocks Tick Higher as S&P 500 Shoots for a 5-Day Winning Streak
Stocks traded higher, putting the S&P 500 on track for its fifth straight winning session, as Wall Street headed for a strong weekly gain.
The broad market index climbed 0.4%, while the Dow Jones Industrial Average traded 203 points higher, or 0.5%. The Nasdaq Composite added 0.4%.
The S&P 500 and Nasdaq Composite are coming off their fourth straight winning session, adding to their strong week-to-date performances. The broad market index is up 3.6% this week, while the Nasdaq has popped 5.3%. The Dow has advanced 2.3%.
Wall Street is now looking ahead toward the Federal Reserve's policy meeting on Sept. 17-18, where the central bank is largely anticipated to lower interest rates by 25 basis points. Currently, the Fed's target rate is sitting at 5.25% to 5.5%.
Source : CNBC
