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The S&P 500 was up 0.9% to in midday trading to 2,675.72.
The Dow Jones Industrial Average climbed 0.6% to 24,658.86.
The Nasdaq rose 1% to 6,928.03.
The yield on a 10-year Treasury bond hiked 0.9% to 2.37%.
The price of gold was flat at $1,257.
Opus Bank (Nasdaq: OPB) in Irvine was up 3.9% to $27.85 and a $1 billion market cap on moderate volume. Shares in the bank holding company are up 11% in the last 30 days.
Quality Systems Inc. (Nasdaq: QSII) in Irvine rose 3.1% to $14.14 and a $900 million market cap. Shares in the practice management software maker are up about 9% in the last 30 days; it reports financials in January and has beaten analyst estimates in the previous four quarters.
CalAmp Corp. (Nasdaq: CAMP) in Irvine climbed 4% to $22.25 and a $792 million market cap. The company makes products to collect and manage data from companies’ mobile and remote assets.