S&P 500 Near 5,000 as Bonds Pare Drop After Sale: Markets Wrap.

Stocks, including the S&P 500, rose as bonds recovered after a record sale of 10-year Treasuries. Despite concerns about high valuations and cautious comments from the Federal Reserve, equities reached new all-time highs. Central bank speakers indicated that there is no rush to cut rates. The US and Europe's resilient economic growth is expected to support equities, although some parts of the stock market may appear overvalued. Corporate highlights include Ford Motor Co. beating expectations and forecasting higher profits, Snap Inc. reporting lower-than-expected revenue, Alibaba Group Holding Ltd. approving $25 billion in stock repurchases, Uber Technologies Inc. beating analyst estimates for gross bookings, and Chipotle Mexican Grill Inc. exceeding sales and profit expectations. [Extracted from the article]