Nasdaq climbs for 7th day in longest winning streak since January

U.S. stocks edged higher on Monday, rising for a sixth straight session as the market built on its gains from the best week of 2023. The S&P 500
SPX,
+0.18%
gained 7.65 points, or 0.2%, to close at 4,365.99, according to preliminary data from FactSet. Its six-session winning streak is the longest since June, while the Dow’s six-day streak is its longest since July, according to Dow Jones Market Data. The Nasdaq Composite
COMP,
+0.30%
rose by 40.50 points, or 0.3%, to 13,518.78, rising for a seventh day for the first time since January. The Dow Jones Industrial Average
DJIA,
+0.10%
gained 34.54 points, or 0.1%, to 34,095.86. All three indexes logged their biggest advance of the year last week as dovish Federal Reserve comments and Friday’s jobs report inspired investors to dive back into stocks after a rough stretch for the market.