Wall Street inched modestly higher today as markets rolled toward the end of 2023 on a seven-week winning streak, the Associated Press reports. Futures for the S&P 500 and the Dow industrials each rose 0.2% before the bell.
The broader market surged last week and added to solid December gains. The Dow closed out the week with a record, while the S&P 500 ended with its longest weekly winning streak in six years, edging closer to its all-time high. The benchmark S&P 500 is now up more than 23% this year, while the Nasdaq is up more than 42%.
Early today, the yield on the 10-year Treasury fell to 3.90% from 3.95% late Monday.
U.S. benchmark crude oil was down 25 cents at $72.57 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, shed 26 cents to $77.69 per barrel.
