U.S. stocks ended higher Wednesday, led by the technology sector.
In economic news, the Treasury Department reported that the U.S. government ran a $691 billion deficit from October through March, driven by increased expenses.
In corporate news, the recently provided documentation for the Uber initial public offering suggested a potential stock price range of $48 to $55, equivalent to about a $90 billion to $100 billion valuation. That valuation is lower than what was expected last year.
U.S. Treasury prices rose as yields fell.
Volume on the New York Stock Exchange was moderate, with 783 million shares traded. Advancers outnumbered decliners by a 3-1 margin.
Gold rose $4.08 to $1,308.15, silver fell 1 cent to $15.22, and crude oil rose 48 cents to $64.46 a barrel.
The 30-year Treasury yield closed lower at 2.9 percent, and the 10-year Treasury yield finished lower at 2.47 percent.