Stocks rallied on Thursday, with the broader market reaching a new record while technology and blue-chip stocks flirting with recent records, as investors brace themselves for the flood of first-quarter earnings likely to show Corporate America coasting on an incipient economic boom.

[Click here to read what’s moving markets heading into Friday, April 9]

Technology stocks outperformed, leading the Nasdaq to its best close since February and S&P 500 to a fresh peak, , Shares of Alphabet (GOOGL), Microsoft (MSFT) and Facebook (FB) each also hit all-time highs. Meanwhile, the Dow edged higher in quiet trading, closing just shy of its intraday record near 33,618. 

Since scaling to new highs last week, stocks have been trading in a holding pattern for much of this week. Risk assets got a small boost after the Federal Reserve signaled in its March meeting minutes that most monetary policymakers favored keeping monetary policy highly…

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