The S&P 500 and Nasdaq Composite have extended their winning streaks to eight consecutive sessions, marking their longest winning streaks of 2024. This momentum follows a brief correction period for the Nasdaq, which has now moved out of correction territory. The S&P 500 rose by 1%, while the Nasdaq surged by 1.4%, with the Dow Jones Industrial Average increasing by 0.6%. Nvidia’s shares continued their upward trajectory, climbing 4%, ahead of its earnings report. The Russell 2000 index also participated in the upward trend, gaining over 1%. In the bond market, the yield on 2-year Treasuries edged up slightly to 4.067%, while the 10-year yield decreased to 3.868%. Investors have found comfort in recent economic and inflation reports, which have indicated a period of relative stability. The Federal Reserve is expected to have a defined strategy for reducing interest rates starting in September, although the economy has shown signs of strength following a disappointing jobs report in July. The current market rally is seen as a continuation of the August turnaround, with stocks benefiting from a combination of economic stability and positive market sentiment.