S&P 500 Near 5,000 as Stocks Climb 'Wall of Worry': Markets Wrap.

The S&P 500 closed near its milestone of 5,000 as US stocks continued to rally. The surge was driven by tech megacaps and a successful sale of 10-year Treasuries. Despite concerns about high valuations and cautious comments from the Federal Reserve, stocks reached new records. Central bank speakers also indicated no rush to cut rates. The MSCI World Index of developed-market shares also rose to a record. The US and Europe's resilient economic growth is expected to support equities. Ford Motor Co., Roblox Corp., Snap Inc., Alibaba Group Holding Ltd., Uber Technologies Inc., and Chipotle Mexican Grill Inc. reported corporate highlights. 23andMe Holding Co. is considering splitting its consumer and therapeutics businesses. Key events this week include China's PPI and CPI, US wholesale inventories and initial jobless claims, Treasury Secretary Janet Yellen's speech, and President Joe Biden hosting German Chancellor Olaf Scholz. In the markets, the S&P 500, Nasdaq 100, Dow Jones Industrial Average, and MSCI World index rose. Currencies and cryptocurrencies experienced slight changes, while bond yields and crude oil prices advanced. [Extracted from the article]