New York Report: NY rises across the board

US SHARES jumped in a broad advance yesterday, with the S&P 500 snapping a three-day losing streak and climbing back above a key technical level in a move that pointed to improving near-term momentum.

The Dow Jones industrial average rose 155.6 points, or 0.91 per cent, to 17,211.47, the S&P 500 gained 15.65 points, or 0.79 per cent, to 1,998.42 and the Nasdaq Composite added 46.53 points, or 1.03 per cent, to 4,555.22.

Bed Bath & Beyond jumped 7.3 per cent to $67.28 as the biggest S&P 500 gainer a day after reporting earnings and revenue that beat expectations.

Vertex Pharma climbed 6.7 per cent to $111.91 while Alexion Pharma added 6.4 per cent to $168.79 and Biogen rose 4.3 per cent to $346.41.

Jabil Circuit shares rose 5.8 per cent to $22.06 in extended trading after it reported its results.