Goldman Sachs gained 1.1 per cent after announcing that co-president Harvey Schwartz would retire, leaving David Solomon the sole president and next in line to become the investment bank's next chief executive.
The S&P 500 is up 109.41 points, or 4.1 per cent.
Technology (+0.3%) was among the top-performing sectors, with chipmakers setting the pace amid reports that Intel might look to acquire Broadcom, which is itself in pursuit of a deal for Qualcomm.
General Electric rose 2.2 percent and was the biggest boost to the Dow.
Danny Amendola expected to sign with Dolphins
Wednesday, but if the deal indeed goes through, he would become the second receiver to sign with the Dolphins this offseason. With Amendola staying in the AFC East, Patriots fans will get to see him take on the Patriots twice in the regular season.
USA stock futures traded higher in early pre-market trade.
"The market was particularly optimistic that wage growth wasn't too hot for fear of inflationary concerns", said Andre Bakhos, managing director at New Vines Capital LLC in Bernardsville, New Jersey.
However, the S&P and the Dow have almost reclaimed those losses.
"Even as the markets are looking fairly positive in general, especially south of the border, it's really a very narrowly-focused group of technology stocks that are carrying nearly all of the gains".
California Senior Immigration Official Quits, Accuses Officials of False Statements
Schwab for speaking the truth while under intense pressure to lie", she said in a statement to The Post. In his attack on Schaaf, Trump said 85 percent of the targeted immigrants had criminal records.
The S&P 500 index gave up 3.55 points, or 0.1 per cent, to 2,783.02.
About 25 minutes into trading, the Dow Jones Industrial Average was at 25,406.97, up 0.3 per cent. However, trade turned lacklustre through the course of the session as investors exercised caution ahead of data on inflation, retail sales, housing and industrial production, due in the coming days. The S&P 600 closed at 974.13 for a gain of 3.87 points or 0.40%.
Oclaro (OCLR.O) jumped 25 percent and was the most traded stock premarket after laser and optical fiber specialist Lumentum Holdings (LITE.O) said it would buy the optical components producer for $1.7 billion. Lumentum's shares rose 3.8 percent. On the Nasdaq, 1,509 issues rose and 860 fell.
Republicans in Congress, businesses brace for tariffs
Jeff Flake on Sunday said President Trump needs a 2020 challenge from someone who holds Flake's traditional conservative views . They believe that the tariffs could stimulate a trade war between the US and China.