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Stocks Poised to Extend Biggest Weekly Rally Since April

U.S. stocks jumped Thursday, with the S&P 500 on track to extend its sharpest rally in a week since April, as investors cheered the prospect of curbs on new regulations and diminished chances of higher taxes under a split Congress.

The benchmark index rose 1.7% shortly after the opening bell, a day after it logged its biggest one-day advance since June. The index has climbed 7.1% so far this week. Technology shares are likely to be the biggest winners for a second day: The Nasdaq Composite surged 2.2%.


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