Markets wrap: S&P 500 on brink of bull run amid big tech rally and US jobs data

S&P 500 hit nine-month high on Friday after Congress passed a debt ceiling bill

Stock markets: 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. Picture: Getty

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 …

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