S&P 500 Rally Powers Ahead to Embolden Bulls: Markets Wrap

Nov. 10, 2023, 9:48 PM UTC

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 to a seven-week high. The US equity benchmark broke above its key 4,400 mark and the 100-day moving average — seen as bullish developments by many chartists. The Nasdaq 100 climbed the most since May, with Microsoft Corp. hitting a record and Nvidia Corp. extending its advance into an eighth session.

Read: Mighty Megacaps Fuel Growing Divides Across Corporate America

“Stocks have ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.