The Dow rose 98.58 points or 0.59 per cent, to 16,836.11, the S&P 500 gained 12.58 points or 0.65 per cent, to 1,940.46 and the Nasdaq Composite added 44.59 points or 1.05 per cent, to 4,296.23.
Amazon.com stock jumped 5.5 per cent to $323.57 amid revived speculation about its next major product, using a mysterious YouTube video and website post to tease a 18 June “launch event” in Seattle to be hosted by chief executive Jeff Bezos.
Shares in Ciena, the US-based global supplier of telecommunications networking equipment, software and services, jumped 18.4 per cent to $22.48 after the company posted earnings that beat expectations and gave a revenue outlook above forecasts.
However, shares in Sprint, the wireless and internet provider, fell four per cent to $9.02 after it agreed to pay about $40 per share to buy T-Mobile US, marking further progress in the attempt to merge the third and fourth-biggest US mobile network operators. T-Mobile US dropped 2.3 per cent to $33.49.
Pharmacy chain Rite Aid’s shares slid 7.4 per cent to $7.87 after it estimated first-quarter profit much below expectations.
Trading volume was around 5.91bn shares, slightly above last month’s average of 5.75bn.