The AI trade is back in vogue, with the likes of Meta, Palantir and Tesla all gaining at least 20% during the historic rally.

A possible thawing in US-China trade tensions boosted spirits after earnings from Apple and Amazon shed light on the likely cost of tariffs.

The U.S. stock market ended sharply higher Friday, with the S&P 500’s rally erasing the losses it saw after President Donald Trump announced sweeping tariffs on April 2. The S&P 500 climbed 1.5% on ...