US stocks have hit their longest monthly winning streak in four years as artificial intelligence hype, declining interest rates and Donald Trump’s move to dial back his trade war cheered investors.
The S&P 500 rose 2.4 per cent in October for a sixth consecutive month of gains, after notching its 36th all-time high this year on Tuesday. It marks the best run for the index since August 2021.
The tech-heavy Nasdaq Composite’s seven straight months of positive returns, following a 4.8 per cent gain in October, is its longest since early 2018.
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