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Stocks Turn Higher, Poised to Extend Winning Streak

·4 min read
Stocks Turn Higher, Poised to Extend Winning Streak

U.S. stocks turned higher Monday, looking to extend their recent winning streak, while commodity prices fell. The Dow Jones Industrial Average added 0.3%, and the Nasdaq Composite advanced 0.4%. Signs that inflation in the U.S. peaked earlier this summer have investors hoping the Federal Reserve will raise rates at a slower pace starting in September.