U.S. stocks rose, with technology shares pacing gains amid deal news, while Treasuries fell as optimism about the economy’s strength overshadowed renewed geopolitical angst after a failed coup attempt in Turkey. Crude retreated.

Turkey’s lira rebounded from its biggest retreat in eight years after the government thwarted a coup attempt that erupted Friday. Bonds tumbled as the cost of insuring the country’s debt soared, while shares in Turkish Airlines and banks led a slump in stocks.

Corporate earnings set the tone on global equity markets, with stocks from Europe to the U.S. slipping after a three-week run added $4.6 trillion in value worldwide. Treasuries rose with gold on haven demand.

In some ways, the managers of the Treasury market’s two best-performing mutual funds couldn’t take a more different approach.

Things were looking up for Turkey when investors went home on Friday afternoon.

Fresh from an election victory that secured his party’s rule for four years, Prime Minister Ahmet Davutoglu in January assured investors in London that Turkey was a safe place for their cash. Four months later he was forced to resign and two months on from that, F-16 fighter jets bombed…