S&P 500 Notches Longest Winning Run Since October: Markets Wrap

Wall Street traders drove stocks higher as oil closed below $100 after Israel agreed to direct talks with Lebanon, bolstering expectations that a US ceasefire deal will hold.

Equities extended gains into a seventh straight day, with the S&P 500 notching its longest winning run since October. That’s despite a selloff in software shares. US crude settled near $98 on hopes for a de-escalation in strikes that have prompted Iran to keep the Strait of Hormuz largely blocked.