Shares of technology companies rallied amid optimism about the outlook for the economy on strong services sector data.
The widely followed ARK Innovation exchange-traded fund run by tech investor Kathy Wood rose more than 5% as investors piled into riskier positions, including cryptocurrencies.
The Electronic Arts video game maker posted fiscal first-quarter sales that topped Wall Street estimates.
Concerns over Sierra Wireless’ rival semiconductors have been raised after Semtech confirmed it had agreed to buy the company in an all-cash deal for around $1.2 billion.
Cryptocurrency exchange Coinbase Global is appealing to the Supreme Court to avoid entering into a class-action lawsuit with angry customers.
PayPal Holdings jumped after activist hedge fund Elliott Management disclosed a larger stake in the financial-technology company.
Write to Rob Curran at rob.curran@dowjones.com
