Global stocks rise after strong earnings, deal news; data lifts U.S. yields

World stock markets were buoyed by deal-making news and solid earnings from Dow components Cisco and Walmart on Thursday while strong economic data pushed U.S. bond yields higher even as investors struggled to make sense of the latest developments in global trade relations. News that U.S. President Donald Trump is expected to delay auto tariffs appeared to improve the trade tone on Wednesday, but later in the day the Trump administration hit Chinese telecoms giant Huawei with severe sanctions. On Wall Street, the Dow Jones Industrial Average rose 234.92 points, or 0.92%, to 25,882.94, the S&P 500 gained 30.83 points, or 1.08%, to 2,881.79 and the Nasdaq Composite added 85.78 points, or 1.1%, to 7,907.92.