The S&P 500 was up 0.5% to 3,369.09 during midday trading.

The Dow Jones Industrial Average rose 0.2% to 29,321.48.

The Nasdaq climbed 0.7% to 9,697.71.

The yield on a 10-year Treasury bond surged 3% to 1.59%.

The price of gold decreased to 0.6% to $1,570.

The price for a barrel of oil rose 1.1% to $50.13.

TECHNOLOGY

Chipmaker Skyworks Solutions Inc. (NASDAQ: SWKS) in Irvine rose 2.9% to $119.67 a share for a market cap of $20.4 billion. The company today said it’s developing connectivity solutions to support next generation wireless technologies set forth by Wi-Fi Alliance.

MANUFACTURING

Ducommun Inc. (NYSE: DCO) increased 5.7% to $42.68 a share for a market cap of $490 million. The Santa Ana-based aerospace and defense manufacturer's rise today was tracked by other aerospace makers including Boeing and Lockheed Martin.