Stock market surges as S&P 500 enters bull market and tech stocks rebound.

The S&P 500 rose 0.12% and the Nasdaq Composite increased 0.16% on Friday, with the Nasdaq logging its seventh-straight winning week and the S&P 500 finishing the week at its highest level since August 2022. The stock rally comes as strong economic data continues to outweigh recession fears. General Motors announced a partnership with Tesla to leverage the electric-vehicle maker's Supercharger Network, sending Tesla shares up 4% and extending an 11-day rally. The Federal Reserve is expected to pause its interest rate hike cycle at its meeting next week.