US stock market had mixed results; S&P 500 and Nasdaq 100 hit one-week highs while Dow Jones closed down.

Technology stocks were behind the gains, but an increase in bond yields capped market growth.

Tesla's stock surged over 12% despite weaker-than-expected Q1 earnings, buoyed by plans for increased production and more affordable models.

Market sentiment was influenced by mixed corporate earnings and a rise in Treasury yields following a US$70 billion five-year note auction.

Investors are focused on upcoming first quarter GDP data and personal consumption expenditures for further market direction.

While Boeing and Biogen reported better than expected results, Enphase Energy and Hasbro saw drops in revenue, though less than forecasted.

Market dynamics reflect a response to a combination of corporate earnings, geopolitical risks, and rising interest rates.