Trade Tensions & Treasury Yields Shape Wall Street Dynamics

Wall Street saw gains amid softening Treasury yields and high-stakes trade negotiations. Second-quarter earnings season is in full swing, with tech giants like Alphabet and Tesla in focus. Concerns over Federal Reserve actions and ongoing trade discussions continue to influence market sentiments globally.

Amid a hectic week of corporate earnings, Wall Street stocks climbed, bolstered by technology and communication services sectors, as Treasury yields softened. The market faces pressure from ongoing trade negotiations between the U.S. and its partners ahead of an August 1 deadline.

Key players reporting earnings include tech giants Alphabet and Tesla, both part of the 'Magnificent Seven' associated with AI. Comments from financial leaders highlighted concerns over the Federal Reserve's autonomy, as reports suggest possible administrative interventions.

The dollar weakened against major currencies following Japan's political shifts, influencing global market dynamics. Meanwhile, gold reached a five-week high, and oil prices dipped slightly amid trade uncertainties and European sanctions against Russian oil stocks.

(With inputs from agencies.)