James Gruber

Information technology stocks added 2.3% and were the biggest boost to the S&P 500.

The

The semiconductor index hit a fresh peak, and its 16th straight day of gains is the longest streak ever.

Micron Technology shares jumped almost 9%, while Seagate rose 3.6% after a broker upgrade.

GE Venova advanced almost 14% after the power equipment maker raised its annual revenue forecast.

Medical device maker Boston Scientific shares were up 9% after first quarter results.

and shares of planemaker Boeing rose 5.5% following a smaller-than-expected quarterly loss.

United Airlines, however, declined 6% after forecasting second-quarter and full-year profits below Wall Street estimates as high jet fuel prices squeezed margins and clouded its near-term outlook.

U.S.

government bond yields were steady on Wednesday as investors remained cautious of the extended ceasefire.

The U.S.

10-year Treasury yield was up 1.0% to 4.31%, while the U.S.

2-year Treasury yield was up 2.0% to 3.80%.

To the European markets, the continent-wide FTSE Euro First 300 index ended 0.4% lower and the UK FTSE 100 was down 0.2%.

Europe dipped, extending losses for a third straight session as a fragile US-Iran truce weighed on sentiment, while investors also assessed a raft of regional corporate earnings.

The energy sector jumped 2.3%, continuing to benefit from higher oil prices.

Materials and technology inched up 1.7% and 0.6% respectively.

ASM International shares jumped 7% with the computer chip equipment maker forecasting second quarter revenue guidance above market expectations.

The telecommunications sector dropped 1.9%.

Deutsche Telekom slipped almost 5% after reports that the company is considering a full combination with T-Mobile US that could result in the largest public M&A deal on record.