Tech Leads S&P 500 Higher on Busy Day on Wall Street: Closing Bell

Watch comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Carol Massar and Tim Stenovec.

Wall Street closed out the highly anticipated Federal Reserve week with stocks notching fresh all-time highs as prospects for more rate cuts bolstered the outlook for corporate earnings.

While calls for a temporary breather have emerged after an almost $15 trillion rally in the S&P 500 from its April lows, bullish sentiment has prevailed. That was after Fed officials resumed monetary policy easing at a time when the economy is still growing, sending a constructive signal for risk takers.

The S&P 500 topped 6,660 Friday, with tech leading the charge. A gauge of smaller firms dropped from a record. Trading volume spiked into the close amid a $5 trillion triple-witching options expiry. About 27.7 billion shares changed hands on US exchanges — the third-busiest day since Bloomberg started compiling the data in 2008.

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