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

Sarah Ponczek, Janine Wolf
`Surprised' Tech Bulls Pace Stock Gain; Bonds Rise: Markets Wrap

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 Nasdaq 100 Index surged 2.1 percent, with Facebook notching its best day in two years and AMD lifting beleaguered chipmakers. “The wave of earnings are finally getting to the right place,” said Omar Aguilar, chief investment officer for equities at Charles Schwab Investment Management.

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