`Surprised' Tech Bulls Pace Stock Gain; Bonds Rise: Markets Wrap

U.S. 10-year yields declined for the first time in nine days
Facebook, AMD earnings eased some concern in tech sector

Mike Siegel of Goldman Sachs says the markets are seeing levels of “normalized” volatility.Source: (Bloomberg)

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By Sarah Ponczek and Janine Wolf

April 25, 2018 at 9:45 PM UTC

Updated on

April 26, 2018 at 8:05 PM UTC

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U.S. equities rose, with technology shares rallying after strong earnings from Facebook Inc. and Advanced Micro Devices Inc. offered a reprieve for bulls. The yield on 10-year Treasuries fell below 3 percent.

The Nasdaq 100 Index surged 2.1 percent, with Facebook notching its best day in two years and AMD lifting beleaguered chipmakers. Intel Corp. reports after the U.S. close. Rate-sensitive shares advanced as the 10-year yield fell for the first time in nine days. Crude oil rose and gold declined.