The S&P and Nasdaq hit their longest winning streak in two years, with Microsoft and Eli Lilly reaching new highs. The 30-year Treasury yield dropped by 10 basis points.

The market is waiting for Federal Reserve Chairman Powell's speech at the IMF on Thursday. The S&P 500 and Nasdaq both closed higher, rising for eight and nine consecutive days respectively, while the Dow Jones ended its seven-day winning streak. The gains in large-cap tech stocks expanded in the final trading session, but Arm's first earnings report after going public caused its stock to drop nearly 5% in after-hours trading. The China concept stocks index fell for the third consecutive day, with XPeng Motors dropping 6%. US short-term bond yields rebounded, and the long-term bond yield hit a daily low after the 10-year Treasury auction. The 10-year Treasury yield fell 6 basis points, hovering at a six-week low. The US dollar rose for the third consecutive day, while the Japanese yen fell below 151. The offshore renminbi remained around 7.28 yuan, and Bitcoin traded at an 18-month high for several days. Oil prices fell another 2.5% to a three-and-a-half-month low, with Brent crude falling below $80 for the first time since July, and US natural gas falling 10% in three days. Gold fell for the third consecutive day to a three-week low, while London copper fell for the second consecutive day by more than 0.5%, and zinc, nickel, and tin rose more than 1%.