The S&P 500 gained 0.3%, led by the energy and tech sectors. The Nasdaq Composite advanced 0.4%.
Chipmakers rebounded after posting sharp losses in the previous session, boosting tech shares. The VanEck Vectors Semiconductor ETF (SMH) climbed 0.5%. Applied Materials and Micron Technology rose 0.7% and 0.8%, respectively. Apple shares traded 0.4% higher.
Disney shares contributed to the gains, rising more than 1% after an analyst at Morgan Stanley raised his price target on the stock to $160 per share from $135. The analyst cited the company’s new streaming service, noting it could give its global subscriber numbers a boost.