S&P 500 rises 4th straight day, major averages curtail monthly losses in late August hot streak

(Image by Gerd Altmann from Pixabay)

(CNBC) -- The S&P 500 advanced Wednesday for a four-day winning streak, as investors assess new U.S. economic data.

The broad-market index climbed 0.38%, surpassing the 4,500 level, to close at 4,514.87. The Dow Jones Industrial Average added 37.57 points or 0.11%, to finish the session at 34,890.24. The tech-heavy Nasdaq Composite advanced 0.54% to 14,019.31. The S&P’s four-day gain helped the index trim month-to-date losses to roughly 1.6%.

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The S&P 500 tech sector rose, aided by a nearly 1% jump in chipmaker Nvidia. Shares of Apple climbed almost 2%, a day after the company sent out invites for a Sept. 12 launch event where the iPhone 15 is expected to be unveiled.

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