Stocks push higher, look to rebound from losing streak | Stock market news today June 27, 2023

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Stocks made a comeback Tuesday, ending a streak of losing sessions, as investors combed through fresh economic prints showing the economy remains resilient.

Tech stocks led the trading session gains, with the Nasdaq Composite (^IXIC) jumping 1.7%. The S&P 500 (^GSPC) rose 1.1%%, while the Dow Jones Industrial Average (^DJI) traded higher by 0.6%.

The more upbeat tone comes after the Dow on Monday marked its sixth straight day of declines, while a fall for the Nasdaq added up to losses on five of the last six sessions.

Tuesday's morning fresh economic data showed home prices are rebounding, while the newly built homes market remains attractive amid tight resale supply. At the same time, Americans are feeling more confident about the economy even after the Fed's signal to hike interest rates one or two more times this year.

Markets are on the lookout for any factor that could influence the central bank's thinking ahead of its July meeting. In particular, they're watching for signs of resilience as concerns reemerge about recession sparked by the Fed's rate hike campaign.

There could be a fair amount of buying and selling in the markets this week, which marks the last days of the quarter and the first half of 2023, as investors rebalance their asset allocations.

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