Stocks’ winning streak reaches 4 days

U.

- BY ALEX VEIGA

S. stocks closed broadly higher Wednesday, extending Wall Street's recent winning streak to a fourth straight day.The Standard & Poor's 500 rose 0.7%, the Dow Jones industrial average gained 0.7% and the Nasdaq composite added 0.8%.

Solid gains for technology companies led the rally, although the gains were widespread, with most of the sectors in the benchmark S&P 500 index finishing higher. Gainers also outnumbered decliners by more than 2 to 1 on the New York Stock Exchange.

U.S. markets have a shortened trading week due to the Thanksgiving holiday, closing on Thursday and opening for shorter hours on Friday.

The market's recent rebound, fueled by investor hopes for another Federal Reserve interest rate cut in December, has helped erase most of the major indexes' losses following a bout of selling earlier this month.

"It's a tech-driven, buythe-bounce kind of response to the very swift selloff that we saw," said Sam Stovall, chief investment strategist at CFRA. "Investors are of the mind that this pullback has run its course and that

RICHARD DREW Associated Press

TRADER Michael Capolino works Monday on the floor of the New York Stock Exchange.