Wall Street surged to new record highs as growth concerns faded, with tech shares leading the gains on the S&P 500. A surprise in US jobs data sent bond yields lower, prompting traders to scrap bets on a July rate cut. Meanwhile, optimism around the Trump tax bill helped avert a looming debt crisis. In corporate news, Nvidia’s market cap is approaching $4 trillion USD, underscoring the tech sector’s momentum. Elsewhere, iron ore prices climbed to a one-month high as China intensified efforts to curb industrial overcapacity. Back home, Aussie shares are on track to end the week at record highs.

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