By April Joyner
NEW YORK (Reuters) - Technology and financial stocks boosted Wall Street on Thursday as U.S. President Donald Trump suggested that a military strike on Syria may not be imminent and investors turned their focus to the upcoming earnings season, which is projected to deliver the strongest results in seven years.
That lifted U.S. Treasury yields
"The markets are up today on the clear pullback of threats of striking Syria, or at least the delay thereof," said Oliver Pursche, vice chairman and chief market strategist at Bruderman Asset Management in New York.
Delta topped profit estimates, sending its shares 2.9 percent higher and boosting other airline stocks.
BlackRock gained 1.8 percent after the asset manager's profit rose more than expected.
"There is a hopeful optimism that a very solid earnings quarter will settle things down and allow stocks to move higher," said Michael Arone, chief investment strategist at State Street Global Advisors in Boston.
The Dow Jones Industrial Average <.DJI> rose 324.09 points, or 1.34 percent, to 24,513.54, the S&P 500 <.SPX> gained 24.64 points, or 0.93 percent, to 2,666.83 and the Nasdaq Composite <.IXIC> added 77.80 points, or 1.1 percent, to 7,146.82.
Investor sentiment was also boosted by a U.S. initial jobless claims report that pointed to sustained labour market strength.
Bed Bath & Beyond Inc
Advancing issues outnumbered decliners on the NYSE for a 1.50-to-1 ratio and on the Nasdaq, for a 2.17-to-1 ratio.
(Additional reporting by Sruthi Shankar in Bengaluru and Chuck Mikolajczak in New York; Editing by Nick Zieminski)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)