The S&P 500 is approaching its longest winning streak since 2023. Stock futures rose Wednesday morning, extending gains from a sustained rally in technology shares.
Brent crude oil ticked up to $105 per barrel, adding to recent upward pressure. The move higher in oil prices comes amid ongoing supply concerns and steady demand.
Investors continued to pile into major tech names, driving the broader market forward. The sector’s strength has been a primary catalyst behind the recent bull run.
The Dow Jones Industrial Average and Nasdaq also pointed to a higher open. Market participants are watching for fresh economic data later this week.
The current rally has lifted the S&P 500 for nine consecutive sessions. A tenth positive close would mark the longest winning streak in over two years.
Trade data and Federal Reserve commentary remain in focus. Analysts are weighing the impact of rising commodity prices on inflation and corporate earnings.
Treasury yields edged higher as risk appetite increased. The bond market showed signs of caution, but equities continued to climb.
