A jump in Boeing shares led Wall Street higher on Wednesday, with investors hopeful of a rebound from a coronavirus-led economic slump amid continuing social unrest in the country.
Boeing Co jumped 8.5% and was the top boost to the blue-chip Dow Jones index after billionaire investor Daniel Loeb's Third Point said it took a stake in the planemaker.
Microchip Technology Inc surged 10.6% after the chipmaker raised its forecast for current-quarter sales and profit as it begins making up for lost production due to the pandemic.
The tech-heavy Nasdaq index is now about 2% shy of a record high hit in mid-February, rising in seven of the past eight sessions.