U.S. Stocks Surge on Twitter, Microsoft and Tesla

On Thursday U.S. stocks surged into positive territory spurred by Twitter, Microsoft and Twitter upbeat earnings.

In its biggest increase since March, U.S. stocks surged on the Nasdaq Composite Index, with the dollar strengthening to its highest level this year.

The Dow Jones Industrial Average gained 1.63 percent or 400.93 points to 24,984.35, with disappointing results from Tech shares of Amazon and Alphabet.

The S&P 500 Index rose 1.86 percent or 49.5 points fueled by strong earnings results from Twitter, Microsoft and Tesla, for the first time in 7 days.

The Nasdaq Composite climbed 2.95 percent or 209.94 points to 7,318.34.

10 year Yield on Treasuries gained 3 basis points to 3.13 percent with 2 year note yield gaining 2 basis points to 2.85 percent.

Currencies

• The pound sterling slipped 0.5 percent to $1.2814
• The euro slipped 0.2 percent to $1.1368
• Gains on the Bloomberg dollar spot index 0f 0.1 percent
• Japanese yen fell 0.3 percent to 112.55 per dollar

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