S&P Celebrates 7 Straight Positive Days

S&P Celebrates 7 Straight Positive Days

July 10,2024 10:36 am EST

The S&P 500 rose slightly on Wednesday as investors looked ahead to a major U.S. inflation report.

The Dow Jones Industrials fell 21.81 points to begin the mid-week session at 39,270.52.

The much-broader index gained 13.53 points to 5,590.51, reaching a fresh record high and on track for its seventh straight day of gains.

The NASDAQ climbed 80.18 points to 18,509.47, also hitting an all-time high.

Carvana shares were up more than 6% on Wednesday after Needham upgraded the online car seller to buy from hold. That put the stock on track for its fifth positive session in six.

Prices for the 10-year Treasury edged higher, lowering yields to 4.28% from Thursday's 4.29%. Treasury prices and yields move in opposite directions.

Oil prices gained 22 cents at $81.63 U.S. a barrel.

Gold prices bounced $21.10 to $2,389


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