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- US stocks finished mixed on Wednesday as the S&P 500 and Nasdaq extended their winning streaks.
- Investors are awaiting comments from Fed Chairman Jerome Powell on Thursday.
- Treasury yields continued to fall, but an auction of 10-year bonds saw lackluster demand.
US stocks finished mixed on Wednesday as the S&P 500 and Nasdaq extended their winning streaks, while the Dow ended its string of gains.
The S&P 500 has now advanced for eight straight sessions, and the Nasdaq is up nine days in a row. Both are the longest rallies since 2021. The Dow snapped its seven-day win streak.
Investor willingness to keep the rally up will be tested by upcoming Federal Reserve commentary, with Chairman Jerome Powell set to speak during a Thursday panel about monetary policy.