Wall Street jumps as technology stocks bounce back

She said the market seems to be putting a 75% probability on the Fed engineering a"soft landing" for the economy, where inflation can drop from its soaring heights without sending the economy into a painful recession.She said there's still a risk that the Fed will have to hold a tougher line on rates than markets expect if the U.S. labor market remains tight. That gives her pause as stock and bond prices rally so strongly around the world.

On Wall Street, big jumps for several Big Tech stocks helped lift the market ahead of their earnings reports, which came after trading closed for the day. Amazon and Google's parent company, Alphabet, both jumped more than 7%, while Apple rose 3.7%.

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