Pandora Media Inc., TripAdvisor Inc. and Netflix Inc. increased more than 3.3 percent. Pfizer Inc. rose 1.3 percent. AT&T Inc. dropped 0.9 percent. Campbell Soup Co. lost 2.4 percent.
The S&P 500 gained 0.3 percent to 1,883.61 at 11:40 a.m. in New York. The Dow Jones Industrial Average increased 24.70 points, or 0.2 percent, to 16,516.01. The Russell 2000 Index added 1 percent.
The S&P 500 retreated less than 0.1 percent last week amid reports that showed consumer confidence fell in May from a nine-month high, while industrial production unexpectedly declined last month. The benchmark index reached an all-time high of 1897.45 on May 13 before a selloff in small-cap stocks spread to the broader market.
Source : Bloomberg