S&P 500 hit nine-month high on Friday after Congress passed a debt ceiling bill
The relentless rally in big tech, options positioning and bets on a Federal Reserve pause following a mixed jobs report put stocks on the verge of a bull market.
An advance of roughly 1.5 per cent for the S&P 500 extended the benchmark’s surge from its October low to nearly 20 per cent. A gauge of megacaps like Tesla and Apple saw its sixth straight week of gains – the longest winning run in …