Tech rally lifts Wall St stocks - New York Report

US STOCKS ended sharply higher yesterday, with a rally in technology stocks leading the Nasdaq to a 15-year high, while a ceasefire agreement between Russia and Ukraine also eased tensions.

Cisco Systems climbed 9.4 per cent, after earnings and revenue beat expectations.

TripAdvisor soared 22.5 per cent after revenue topped forecasts. Fellow online travel company Expedia jumped 14.5 per cent after it agreed to buy Orbitz Worldwide for about $1.33bn.

The Dow Jones industrial average rose 110.24 points, or 0.62 per cent, to 17,972.38, the S&P 500 gained 19.95 points, or 0.96 per cent, to 2,088.48, and the Nasdaq added 56.43 points, or 1.18 per cent, to 4,857.61.

The news of a ceasefire in Ukraine contributed to oil prices advancing 4.9 per cent, which in turn lifted the S&P energy index 1.3 per cent.