When Wall Street closed, the broad S&P 500 index was up 1.2 percent. The tech-heavy Nasdaq composite index rose 2.0 percent, marking its 10th straight day of gains, the longest streak since 2021. The Dow Jones industrial average climbed 0.7 percent.
Reporting season stepped up a notch as several banks released interim figures. Things were tough for Wells Fargo, which fell 5.7 percent after the bank's interim report.
The technology sector led the gains, with software giant Oracle up 4.7 percent and Palantir Technologies up 2.5 percent. Amazon rose 3.8 percent after announcing its $11.6 billion acquisition of satellite company Globalstar.
