Most U.S. stocks rose as a group of high-profile earnings offered divergent clues on the strength of the American economy. The 10-year Treasury yield reached its highest level since the March Federal Reserve meeting. The S&P 500 eked out a gain, while the Nasdaq 100 closed within 0.1 percent of an all-time high. Apple Inc. was flat and Qualcomm Inc. surged after the two dropped litigation against each other. Netflix Inc. ended the regular session higher, but slid in late trading after a key metric missed estimates. IBM Corp. fell afterhours as sales fell short of forecasts. Financial firms paced gains after BlackRock Inc.’s results offset weakness at Bank of America Corp. UnitedHealth Group Inc.’s earnings call rekindled concern about policy uncertainty, dragging insurers lower. Johnson & Johnson advanced after strong earnings. Treasuries continued to slump, with rates reclaiming levels last seen before the Fed’s dovish tilt a month ago. In Europe, equities climbed for a fifth day, driven by insurance and financial services firms. In Asia, shares in China and Hong Kong outperformed markets in Japan and South Korea. The Euro pared a decline after Bloomberg reported that European Central Bank officials are said to lack enthusiasm for any revamp of their negative-interest rate tool.
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