Shares of Apple Inc AAPL.O, Microsoft Corp MSFT.O and Tesla Inc TSLA.O provided the strongest lift. By Stephen Culp NEW YORK, May 27 (Reuters) - Wall Street extended its rally on Friday as signs of peaking inflation and consumer resiliency sent investors into the long holiday weekend with growing optimism that the Federal Reserve's policy tightening can avoid tipping the economy into recession. Data released on Friday showed better-than-expected consumer spending and appeared to confirm that inflation, which has dampened corporate earnings guidance and weighed on investor sentiment, has peaked.