The S&P 500 rose 0.65% to 1,641.03 in afternoon trading Wednesday.
The Dow Jones industrial average was up 0.56% to 14,858.37, while the Nasdaq was up 0.78% to 3,606.36.
The yield on a 10-year Treasury bond rose 2.09% to 2.78%.
The price of gold fell 0.12% to $1,418.50 per ounce.
Irvine-based action-sports retailer Tilly's Inc. was up about 5% to $13.25 ahead of its second-quarter results expected to be released after market close today. Tilly’s had a recent market value of $367.2 million.
Aliso Viejo-based drug maker Avanir Pharmaceuticals Inc. was up about 3% to $5.05 for a market value of $733.9 million. The company’s stock, with an “overweight” rating reiterated by Piper Jaffray Cos. analysts Monday, is up about 75% so far this year.