Risk-on sentiment allowed Intel to post 5.84% gain yesterday

Yesterday at a glance: Intel rallied 5.84% and ended the session at $29.

Intel's uptick comes amid disappointing United States macroeconomic data released during the session – highly important Core Durable Goods Orders data from United States beat analyst expectations of 0% with a reading of -0.2%.

Meanwhile, United States Core PCE Price Index (MoM) (Apr) came out at 0.4, while a consensus of analysts was expecting 0.3. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 193,100, while the previous figure was 191,500.

A look at other technology stocks also showed bullish price action as Qualcomm gained 6.09%, as it traded at $110.35. Accenture plc Class A (Ireland) was up 4.06%. Adobe traded at $415.39 after closing yesterday's trading day at $392.06 (up 5.95%).

Over the past 11 months, the hardware manufacturer has retreated 38.89% from a noteworthy peak of $44.84.