The S&P 500 hits best winning streak in 2 years as stocks extend gains amid falling bond yields

• The S&P 500 just notched its longest winning streak since November 2021.
• The benchmark index cleared its seventh straight days of gains, while the Nasdaq hit eight straight days. 
• Still, investors are keeping an eye on interest rates as the Fed keeps policy tight.

US stocks rose on Tuesday, with the S&P 500 notching its best winning streak since November 2021 as bond yields continued to fall back.

All three benchmark indexes traded higher, with the S&P 500 notching its seventh-straight winning session, while the Nasdaq Composite closed higher for the eighth consecutive trading session. 

The trend higher has largely been sparked by easing bond yields in the days since the Federal Reserve announced in would hold its benchmark rate steady at its meeting last Wednesday. The yield on the 10-year US Treasury fell eight basis points to 4.573%.