Stock market today: Stocks rise, Dow eyes 8th straight win as rate-cut hopes abound

The Dow Jones Industrial Average is on track for its eighth consecutive win, showing modest gains, while the S&P 500 remains stable and the Nasdaq Composite slightly declines. This market behavior is influenced by anticipation of potential interest rate cuts, as indicated by a cooling labor market and upcoming Federal Reserve speakers' insights.

Consumer sentiment has significantly dropped, hitting a six-month low, which could impact future market movements. Meanwhile, geopolitical tensions rise as President Biden plans to introduce new tariffs on Chinese industries, affecting U.S.-listed Chinese EV stocks. Concurrently, companies like TSMC report strong sales, indicating sustained demand in sectors like AI and consumer electronics.