Stocks Climb 'Wall of Worry' With S&P Near 5,000: Markets Wrap.

The S&P 500 came close to reaching the 5,000 milestone as tech stocks rallied and concerns about bond supply diminished. Despite worries about high valuations and cautious comments from the Federal Reserve, stocks reached all-time highs. The US government sold a record $42 billion of 10-year notes at a lower-than-expected yield, indicating strong investor confidence. Central bank speakers signaled no rush to cut rates, and the MSCI World Index of developed-market shares also rose to a record. Resilient economic growth in the US and Europe is expected to support equities, although some parts of the stock market may be overvalued. [Extracted from the article]