Megacaps drove the S&P 500 to its best week since November on the back of stronger earnings from tech giants Alphabet and Microsoft spurring a rally across tech stocks. Alphabet surged over 10% on Friday, pushing the company's market value above $2 trillion for the first time. Earnings season continues this week with Amazon, Coca-Cola, AMD, Eli Lilly reporting on Tuesday. In Europe, UK’s FTSE 100 also reached a fresh record high on Friday, up over 3% last week, even as the index remains cheaper than US indices. Gains were, however, led by Hong Kong’s Hang Seng index that was up 8.8% on valuation discount and ... (full story)