Wall Street Gains as Tech Earnings Lift Sentiment

Wall Street advanced on strong tech earnings and positive AI sentiment. Meanwhile, European markets faced pressure as French ten-year bond yields rose above five percent for the first time in nearly twenty-five years.

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A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 19, 2021. REUTERS/Andrew Kelly/File Photo

United States equities rose on Wednesday, driven by strong tech earnings and buoyant artificial intelligence sentiment, while France's 10-year bond yield surged past 5%. The S&P 500 gained 0.6% and the Nasdaq added 1% as energy and currency markets remained calm. The session highlights diverging macroeconomic pressures as U.S. tech giants post massive results while European debt concerns mount.

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