Wall Street perks higher to close out its latest winning month

The S&P 500 increased by 6.73 points, or 0.1%, reaching 4,588.96, marking its fifth consecutive month of growth.

This streak is the longest in nearly two years, and the index has reached a 16-month high due to hopes of cooling inflation leading to the economy avoiding a predicted recession, the Associated Press reported.

The Dow Jones Industrial Average rose by 100.24 points, or 0.3%, reaching 35,559.53, while the Nasdaq composite climbed 29.37 points, or 0.2%, reaching 13,346.02.

READ MORE: https://apnews.com/article/stock-market-rates-economy-3670f33192ad3423c6d40fe536a4a14f

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