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.