The S&P 500 index had its biggest weekly gain since September and was on pace to gain 28% this year. The benchmark hit a new peak Friday, led by technology and health-care shares, while the Stoxx Europe 600 also reached all-time high. The Treasury yield curve remained near its steepest in more than a year, underscoring how recession worries have receded. -The MSCI World index of developed countries climbed 0.4% to 2,349.13, the highest on record. -The yield on two-year Treasuries gained less than one basis point to 1.63%, the highest in a week.
