Bloomberg Television·2026-07-21 22:10Semiconductor and Technology Sector - Semiconductor stocks led market gains, with the Nasdaq 100 eyeing a 2% increase and the Philadelphia Semiconductor Index rising about 5% [2][7][128] - Taiwan Semiconductor (TSMC) discussed strategic price increases of as much as 10% for next year to cover rising manufacturing costs [5] - Semiconductor companies are projected to grow earnings per share (EPS) by 133%, while the software and services sector anticipates 16% growth [12] Macroeconomic and Bond Market Trends - The 10-year Treasury yield increased by 4 basis points to about 4.60%, marking the worst one-week loss in over a year [3] - Vanguard forecasts 3% U.S. GDP growth in 2027, driven by the transformative economic impact of artificial intelligence [22][23] - Oil prices rose above $91 a barrel due to Middle East tensions, increasing over 20% since the start of the month and pressuring bond yields [2][5] Automotive and Corporate Earnings - General Motors (GM) raised its full-year profit forecast by $500 million after beating second-quarter earnings estimates, supported by strong truck pricing and lower tariff costs [114] - Amazon Business reached $60 billion in annualized gross sales, marking a 71% increase since 2023 [54][55] - Novartis reported strong second-quarter sales and earnings growth, maintaining its full-year guidance of 5% to 6% growth through the end of the decade despite patent cliffs [32][33][37]