(Bloomberg) — Stocks kept pushing higher, adding to a rally from August lows that’s already topped $3 trillion amid bets the Federal Reserve will signal it’s ready to start cutting interest rates.
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All major groups in the S&P 500 rose, with the gauge up for an eighth straight day — the longest winning streak since November. While technology shares led gains on Monday, an equal-weighted version of the US equity benchmark — one that gives Target Corp. as much clout as Microsoft Corp. — hit an all-time high amid hopes the advance will broaden beyond the megacap space. The Russell 2000 of smaller firms added 1.2%.
A bumpy stretch for investors in the dog days of July and August hasn’t tempered their zest for equities, with allocations still robust despite a bout of recent volatility. Momentum traders and a surge in corporate buybacks promise to drive a US stock rally over the next four weeks, according…
