Strong Earnings Lift Markets Despite Tech Disappointments

European and U.S. stock markets rose on strong corporate earnings results and economic data though tech giants issued lackluster forecasts.
Companies like Deutsche Bank, Barclays, AstraZeneca, and Unilever beat earnings expectations though Amazon and Snap fell short on revenue.
Intel reported its largest quarterly loss but shares still rose as the results beat forecasts while Pinterest plunged on its guidance.
Exxon and Chevron profits declined but still topped estimates, boosting their shares.
First Republic Bank fell sharply amid concerns it may face receivership though results otherwise indicated a strong recovery for major companies.