US stocks rise as indexes look to extend winning streaks

• US indexes continued to climb after the S&P 500 notched its best winning streak since 2021.
• The rally was fueled by investor enthusiasm about the possible end to the Fed's hiking cycle.
• Markets can expect commentary from Chairman Jerome Powell later today.

US stocks continued their upward ascent Wednesday, after the S&P 500 achieved its longest winning streak since 2021.

The broad index and the Dow Jones Industrial Average have notched seven straight gains, while the Nasdaq has advanced in eight consecutive sessions.

The rally comes amid excitement about the possible end of the Federal Reserve's hiking cycle, after the central bank kept interest rates steady at the 5.25%-5.50% range at last week's FOMC meeting.