S&P 500 rises 4th straight day, major averages curtail monthly losses in late August hot streak

By Around the Web

(Image by Gerd Altmann from Pixabay)
(Image by Gerd Altmann from Pixabay)

(CNBC) — The S&P 500 advanced Wednesday for a four-day winning streak, as investors assess new U.S. economic data.

The broad-market index climbed 0.38%, surpassing the 4,500 level, to close at 4,514.87. The Dow Jones Industrial Average added 37.57 points or 0.11%, to finish the session at 34,890.24. The tech-heavy Nasdaq Composite advanced 0.54% to 14,019.31. The S&P’s four-day gain helped the index trim month-to-date losses to roughly 1.6%.

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The S&P 500 tech sector rose, aided by a nearly 1% jump in chipmaker Nvidia. Shares of Apple climbed almost 2%, a day after the company sent out invites for a Sept. 12 launch event where the iPhone 15 is expected to be unveiled.

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