Wall Street's main markets were poised for a fourth day of advances, the longest stretch in more than a month as stocks shrugged off stronger-than-expected inflation data that initially renewed interest-rate worries and sent equities lower.
Financials, information technology and consumer discretionary sectors powered ahead, while the Dow Jones Industrial Average was supported by a strong day for athletics retailer Nike ( NKE ) and its banking components, JPMorgan Chase ( JPM ) and Goldman Sachs ( GS ).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.