Investors were encouraged by better-than-forecast US economic data and optimism about big tech earnings. Shares of Apple (+3.7%), Amazon (+1.5%) and Alphabet (+3.1%) rose before their results. Facebook (+4.9%) and Twitter (+8%) shares jumped after Pinterest (+26.9%) forecast a rebound in ad spending.
Shares of Coach owner Tapestry climbed 6.7% as it beat quarterly profit estimates. Netflix (+3.7%) raised the price of its standard and premium US plans. The Dow Jones index rose by 139 points or 0.5%. The S&P500 index gained 1.2% and the Nasdaq index was up by 180 points or 1.6%.
