US benchmark equity indexes rose late Thursday, driven by gains in the technology sector.
The Dow Jones Industrial Average climbed 1.1% to 40,021.55, while the Nasdaq Composite increased 2.4% to 17,100.25. The S&P 500 was up 1.8% to 5,471.01. Technology and industrials paced the gains among sectors with only consumer staples posting a loss.
ServiceNow (NOW) shares rose 15%, the biggest increase on the S&P. The software company late Wednesday logged Q1 results above market expectations amid robust demand for its artificial intelligence offerings.
Hasbro (HAS) shares surged 14%, the second-largest gain on the S&P, as Q1 results beat estimates, and the toymaker extended its collaboration with Walt Disney (DIS).
LKQ (LKQ) shares dropped 12%, the second-biggest decline on the S&P. Earnings in Q1 fell, and revenue dropped more than estimated by analysts.
The 10-year US Treasury yield dropped 7.9 basis points to 4.3%, while the two-year rate was down 8.6 basis points to 3.8%.
West Texas Intermediate crude oil for June delivery gained 0.6% to $62.66 a barrel.
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