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The S&P 500 was up 0.8% 2,681.97.
The Dow Jones Industrial Average rose 0.5% to 24,816.35.
The Nasdaq increased 0.1% to 7,174.10.
The yield on a 10-year Treasury bond increased 0.8% to 3.10%.
The price of gold was 0.7% lower to $1,228.
Pacific Premier Bancorp Inc. (Nasdaq: PPBI) climbed 6.5% to $29.12 and a $1.8 billion market cap. The Irvine bank on Oct. 26 announced a $100 million share repurchase program. “We believe that the current market price of Pacific Premier’s common stock does not accurately reflect our franchise value,” Chief Executive Steven Gardner said in a statement.
El Pollo Loco Holdings Inc. (Nasdaq: LOCO) rose 5.8% to $13.42 and a $518 million market cap. The Costa Mesa company is scheduled to announce third quarter results on Nov. 1.