The S&P 500 is winning–at least in the short term. The broad stock-market index is on pace to register five days of gains, the first time it has seen such a relatively lengthy stretch of consecutive advances since the five-day period ended Dec. 23, 2014, when the S&P 500 settled at 2,082.17. For the S&P 500, the march higher follows a five-day losing streak capped on Sept. 28 by the indexes’ fourth-worst percentage drop of 2014, down 2.6%, according to FactSet data. Still, the index, while well off its lows, is nearly 150 points, or roughly 7%, short of its May 21 peak, when the S&P 500 finished at 2,130.82. The S&P 500 was up 32 points, or 1.7%, at 1,983.46 with less than two hours to go in Monday trade. The Dow Jones Industrial Average was enjoying its own rally, up 260 points, or 1.6%, at 16,730. The longest winning streak recently for the blue-chips benchmark had been four-days of positive moves ended July 14. The Nasdaq Composite , which was 64 points, or 1.4%, higher Monday, also saw its longest period of gains during that same stretch in July. Stocks have been volatile due to fears about the end of the Federal Reserve’s easy-money policies and worries that a global-market slowdown could harm the U.S. economy.
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