Shares of technology companies rose amid optimism about the economic outlook after strong data from the services sector.
The widely traded exchange-traded fund ARK Innovation, managed by cutting-edge technology investor Cathie Wood, rose more than 5% as investors flocked to riskier venues, including cryptocurrencies.
Electronic Arts rose after the video game maker posted fiscal first-quarter sales above Wall Street estimates.
Sierra Wireless rose after confirmation that rival semiconductor group Semtech had agreed to buy the company in an all-cash deal with a total enterprise value of about $1.2 billion.
Cryptocurrency exchange Coinbase Global is appealing to the Supreme Court in a bid to avoid being embroiled in class action lawsuits with angry customers.
PayPal Holdings pounced after activist hedge fund Elliott Management revealed a sizeable stake in the financial technology company.
Write to Rob Curran at rob.curran@dowjones.com
