S&P 500 Achieves Eight-Day Winning Streak on Broad Gains

The S&P 500 continued its upward trend, achieving an eight-day winning streak with a nearly 1% increase on Monday. Positive economic data and strong sector performance contributed to recent market gains. Investors are now focused on the Federal Reserve`s upcoming Jackson Hole meeting and retail earnings reports. While the Fed is not expected to adjust interest rates this week, market participants will analyze Fed Chair Jerome Powell`s speech for clues about a potential September rate cut. Additionally, investors will be watching second-quarter earnings from major retailers and monitoring commentary from the Democratic National Convention.