Commerce Department

The Commerce Department says new-home sales rose 5.4 percent last month to a seasonally adjusted annual rate of 507,000, recovering from a slide in purchases in June.

All 10 sectors in the S&P 500 index are higher, led by gains for technology stocks.

The Commerce Department said Wednesday the trade gap jumped 7 percent to $43.8 billion in June, up from $40.9 billion in May. Imports increased 1.2 percent to $232.4 billion, while exports edged lower to $188.6 billion from $188.7 billion.

U.S. manufacturers have been held back this year by the strong dollar, which makes their products more expensive overseas.