S&P 500 inches higher as strong BofA results offset tech weakness

Twitter slips despite adopting 'poison pill'; Bank of America boosts S&P 500 after earnings; Didi to meet on US delisting plans, shares plunge

The benchmark S&P 500 rose on Monday as Bank of America wrapped up earnings from big U.S. lenders with a better-than-expected quarterly profit, although elevated bond yields weighed on growth and technology stocks.

Shares of the second-largest U.S. bank by assets rose 3% as strong growth in its consumer lending business helped cushion the blow from a slowdown in deal-making. Overall, the S&P 500 banks index gained 1.5%.

Market response to bank earnings has been mixed as JPMorgan Chase & Co, Goldman Sachs Group Inc and Citigroup Inc combined put aside $3.36 billion in credit loss reserves due to risks from the