Wall Street stocks rise on tech outlook
(Closed): US markets rose on Thursday led by technology shares after the strong debut of software firm Twilio.
Twilio's shares jumped 91% on their first day of trading.
The strong showing has raised hopes that other "unicorns" - start-ups valued at more than $1bn - will also raise money on the stock market.
The tech-heavy Nasdaq composite gained 76.72 points to 4,910.04.
Tech stocks were generally up.
Shares in Macy's rose 1.7% after it said chief executive Terry Lundgren would step down in the first quarter of 2017.
Mr Lundgren has been chief executive of the retailer since 2003. He will be replaced by Macy's president Jeff Gennette, Macy's president.