U.S. stocks end higher, Dow extending winning streak

NEW YORK, May 9 (Xinhua) -- U.S. stocks ended higher on Thursday, as investors have grown more confident that the Fed will begin cutting rates later this year, thanks to cooler economic data.

The Dow Jones Industrial Average rose 331.37 points, or 0.85 percent, to 39,387.76, extending its longest winning streak of the year. The S&P 500 added 26.41 points, or 0.51 percent, to 5,214.08. The Nasdaq Composite Index