Melt-Up Puts Nasdaq on Track for 10-Day Streak: Markets Wrap

The relentless advance in technology shares is set to drive the Nasdaq 100 to a 10th straight day of gains, just as the Federal Reserve prepares to launch a new cycle of interest-rate cuts. Gold closed in on $3,700 an ounce.

Futures for the index advanced 0.4%, with Tesla Inc. rising 2.5% in premarket trading. S&P 500 contracts climbed 0.2% after the benchmark powered through the 6,600 mark on Monday. Europe’s Stoxx 600 was little changed. MSCI’s gauge for Asian shares hit a record and is poised for its best streak in nearly five years.

Traders to look out for US retail sales data.

Photographer: Michael Nagle/Bloomberg

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