The broad S&P 500 index and technology-heavy Nasdaq composite rose 0.1 percent, while the Dow Jones industrial average closed unchanged,
Although the movements were small, it means that all three indices now have three straight hot weeks of rising rates behind them.
That’s the longest uptrend for the S&P 500 and the Dow Jones industrial average since July and for the Nasdaq composite since June.
Not least new signs that inflation is subsiding, with a reduced risk of the central bank Federal Reserve (Fed) striking with more increases in the key interest rate, have fueled the stock rally this week.
The Fed has gradually raised the key interest rate to today’s range of 5.25-5.50 percent – the highest level since 2001.