Stocks extended their November rally amid a surge in tech giants, a relatively calm session for bonds and no major surprises from Federal Reserve speakers.
A rebound in the S&P 500’s most influential group sent the gauge above its key 4,400 mark and the 100-day moving average – seen as bullish signals by many chartists. The American equity benchmark rose to a seven-week-high. The tech-heavy Nasdaq 100 climbed over 2%, with Microsoft Corp. hitting a record and Nvidia Corp. extending gains into an eighth straight session.
Equities have climbed this month as bond yields retreated on bets that interest rates were peaking. Traders have looked past inflation concerns, worrisome corporate outlooks and the latest geopolitical developments to push the market…
