Tech and communication services led S&P sector gains while utilities and energy were the worst performers.
The Philadelphia SE Semiconductor index jumped, led by a surge in Advanced Micro Devices after Piper Sandler raised its price target on the chipmaker. UPS and FedEx edged up after the Trump Organization launched a self-branded mobile network, dubbed Trump Mobile, and named the companies as shipping partners.
Shares of Sarepta Therapeutics plummeted after the company disclosed a second case of a patient dying due to acute liver failure after receiving its gene therapy for a rare form of muscular dystrophy. U.S. Steel rose after Trump approved Nippon Steel's $14.9 billion bid for the company.