The S&P 500 and Nasdaq recorded their largest weekly gains in six weeks as traders shifted focus from inflation and interest rates to technology stocks.
Technology shares led the rally, drawing renewed interest from investors after weeks of concern over monetary policy.
The move marked a change in market sentiment. Earlier in the period, trading had been driven largely by inflation data and expectations for interest rate changes.
Investors instead turned their attention to tech companies, lifting the major indexes to their strongest weekly performance since early in the year.
The gains came despite ongoing uncertainty about the path of interest rates. Markets had spent weeks reacting to economic data and central bank signals.
In a separate development, record donations are flowing into state attorneys general races across the country.
The surge in contributions highlights growing national attention on these down-ballot contests, which often handle consumer protection, antitrust, and other high-profile legal matters.
