Wall Street staged a broad-based rally, with the S&P 500 notching the biggest gain yet in its recent winning streak.
The benchmark index rose 1.2 percent Thursday. The Dow was up 428 points, and the Nasdaq gained 1.1 percent.
Treasury yields fell after mixed reports on retail sales, manufacturing and unemployment claims raised hopes the Federal Reserve may end up hiking interest rates only once more this year. The Fed signaled a day earlier that it may raise them twice this year. The S&P 500’s gain was its sixth straight, its longest winning streak since 2021. Oil gained more than 3 percent.
On Thursday:…