Shares of technology companies rose amid a resurgence of risk appetite.
As investors digested optimistic commentary from Federal Reserve Chairman Jerome Powell on the TikTok and Universal Music Group struck a new licensing deal that will return the record label's artists and their songs to the video-sharing app, ending months of disagreements over pay.
Wayfair shares rose after the online furniture retailer narrowed its quarterly loss and posted revenue that beat estimates.
Business software maker Oracle said it is adding artificial-intelligence features to its flagship database software, a move aimed at boosting its sales pitch for its cloud-computing platform.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
05-02-24 1714ET
