Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., May 14, 2018. REUTERS/Lucas Jackson
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Shares of some of the biggest suppliers to ZTE, including Acacia Communications, Oclaro and Lumentum Holdings, rose between 3.1 percent and 10.6 percent.At 12:53 p.m., the Dow Jones Industrial Average was up 102.65 points, or 0.41 percent, at 24,933.82, the S&P 500 was up 5.79 points, or 0.21 percent, at 2,733.51 and the Nasdaq Composite was up 28.55 points, or 0.39 percent, at 7,431.43 .Xerox tumbled 5.7 percent after the U.S. photocopier maker scrapped a planned $6.1 billion deal with Fujifilm Holdings.Advancing issues outnumbered decliners for a 1.19-to-1 ratio on the NYSE and for a 1.04-to-1 ratio on the Nasdaq.The S&P index recorded 24 new 52-week highs and two new lows, while the Nasdaq recorded 106 new highs and 27 new lows.
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