Tech Rally Boosts S&P 500 to New Highs

The S&P 500 and Nasdaq hit fresh 2023 highs on Friday, led by a jump in Tesla and technology stocks, despite jitters around the Federal Reserve's policy outcome and inflation data next week. Tesla shares climbed 4.9% after General Motors agreed to use the company's Supercharger network. The Dow Jones Industrial Average was down 0.03%, the S&P 500 was up 0.08%, and the Nasdaq Composite was up 0.14%. Traders see a 72% chance of the U.S. central bank holding interest rates at the current 5%-5.25% range in its June 13-14 policy meeting.