Wall Street lifted by tech stocks, upbeat earnings; Dow up 280 points

Wall Street's main indexes rose on Wednesday, with high-growth stocks gaining as a recent rally in Treasury yields paused, while investors took comfort from upbeat earnings reports and signs of easing tensions in Ukraine.

The benchmark 10-year US Treasury yield slipped from multi-year highs hit in the previous session, helping steady sentiment across global markets.

Megacap names such as Meta Platforms Inc, Google-owner Alphabet Inc, Tesla Inc and Microsoft were up between 1.2% and 2.5%. All of the 11 major S&P 500 sectors advanced, with consumer discretionary, technology and real estate stocks leading the gains.

"It's a little bit of a buy-the-dip mentality