U.S stock benchmarks were riding higher on Wednesday, putting the S&P 500 index on pace to register four straight closes in positive territory. That would mark the S&P 500 index’s longest win streak since the 7-session period ended May 26, according to FactSet data. The S&P 500 is up nearly 14 points in most recent trade, or 0.6%, at 2,459. The Dow Jones Industrial Average is up 0.2% at 21,912, and the Nasdaq Composite Index was trading 1.1% higher and on track for three straight wins of its own. Wall Street has been resilient of late, shaking of geopolitical and meteorological headwinds, including North Korea’s firing of a ballistic missile over Japan’s airspace, rising tensions between the U.S. and its Asian allies; and Hurricane Harvey, which has devastated Texas’s Gulf Coast region. Upbeat data on Wednesday helped to support Wednesday’s gains. Gross domestic product, a broad measure of the goods and services produced across the U.S., rose at a seasonally and inflation-adjusted annual rate of 3.0% in the second quarter, the strongest quarter of growth since the first quarter of 2015 and above the 2.6% growth estimated in July. And private-sector job growth reported by ADP Inc. came in at a better-than-expected 237,000 job created in August.
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