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The Dow Jones Industrial Average rose 243.95 points, or 0.90 per cent, to 27,332.03. The S&P 500 was up 13.86 points, or 0.46 per cent, to 3,013.77. The Nasdaq Composite Index rose 48.10 points, or 0.59 per cent, to 8,244.14, the Xinhua news agency reported.Shares of Illumina plunged over 16.1 per cent, after the US biotechnology giant scaled down its full-year revenue guidance to a growth rate of 6 per cent. The company also said its second-quarter revenue will come shy of market expectations.Shares of Deutsche Bank rose over 2.5 per cent, after Swiss investment bank UBS upgraded the German bank from "sell" to "neutral," saying the latter's restructuring plan would be backed by home regulator, which led to a more "balanced risk/reward" scenario.Eight of the 11 primary S&P 500 sectors traded higher around market close, with the industrials sector up nearly 1.7 per cent, leading the gainers.During his second day of testimony on Thursday, Fed Chair Jerome Powell reiterated that the central bank will always do "what's right for the US economy" and called for the Congress to raise debt limit in a timely manner.On the economic front, US producer price index rose 0.1 per cent in June, the same increase as in May, said the Bureau of Labor Statistics on Friday.The index rose 1.7 per cent for the 12 months ended in June, the lowest rate of increase since it advanced 1.7 per cent in January 2017, dragged down by the 3.1-per cent drop in the index for energy for the month.( With inputs from IANS )

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US stocks ended lower on Monday, as the market was sunk by growing worries about the prospects of US economic growth and worsening US-China trade frictions. ...

US stocks ended the day in negative territory with technology and energy sectors leading the laggards. ...

US stocks ended mixed on Wednesday as investors remained concerned about trade tensions between the US and China. ...

US stocks traded higher on Wednesday, as the market was buoyed by Apple's strong quarterly earnings, and investors anticipated the US Federal Reserve to deliver its latest monetary policy, which could possibly lead to the first interest rate cut in m ...

US stocks ended lower on Tuesday amid a batch of mixed data, including a slightly rising consumer spending last month, which pointed to the slowing of US economic growth. ...

US stocks closed higher as the market sentiment was lifted by a central bank official's remarks. ...

U.S. stocks closed lower as investors digested the latest corporate earnings reports and Federal Reserve Chairman Jerome Powell's remarks. ...

US stocks ended higher on Friday, ending the week on a strong note, amid broad optimism on potential rate cuts and decent US producer prices. ...