S&P 500 closes at all-time high in Friday risk rally led by tech sector rip

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• US indexes climbed on Friday, led by chip makers.
• Investors have pivoted to tech shares to shake off Fed rate tantrum.
• Markets go haywire as the US Dollar, US equities, and Treasury yields all rise.

The Standard & Poor’s drove to a new all-time high of $4,839.58 on Friday as equities broadly rallied as investors pile into future earnings bets on large-cap tech stocks, with chip-makers loosely associated with AI tech projects leading the charge.