Stocks moved higher on the easing of pandemic restrictions and improved manufacturing data, despite concerns over disturbances hitting U.S. cities.
The S&P 500 was up 0.5% to 3,069.36 during midday trading.
The Dow Jones Industrial Average rose 0.7% to 25,659.89.
The Nasdaq rose slightly — 0.1% — to 9,561.80.
The yield on a 10-year Treasury bond jumped 3.3% to 0.684%.
The price of gold decreased 0.1% to $1,733.60.
The price for a barrel of oil surged 3.1% to $36.54.
TECHNOLOGY
Costa Mesa-based artificial intelligence tech provider Veritone Inc. (Nasdaq: VERI) jumped 10% to $9.70 per share for a market cap of $262 million. Earlier in the day the company released an industry report highlighting the TV industry’s increasing embrace of artificial intelligence
RETAIL
Boot Barn Holdings Inc. (NYSE:BOOT), the Irvine-based retailer of boots and other apparel, surged 7.3% to $28.83 per share for a market cap of $683 million, on expectations of further retail store openings as COVID-19 restrictions are eased. Analysts at DTBNews.com said the day before that the stock carries a “strong buy” recommendation.
