Mumbai, July 1 -- The Dow advanced 275.50 points (0.6%) to 44,094.77, the Nasdaq climbed 96.27 points (0.5%) to 20,369.73 and the S&P 500 rose 31.88 points (0.5%) to 6,204.95.

Wall Street rose on trade optimism and Canada dropping its digital tax on U.S. tech firms. The move aims to boost U.S.-Canada ties. The Senate began debating Trump's tax bill. Meanwhile, Trump slammed the Fed, urging lower interest rates.

Gold stocks strongly moved upward amid a notable increase by the price of the precious metal, driving the NYSE Arca Gold Bugs Index up by 2.8%. Brokerage stocks emerged significantly strong, as reflected by the 2.0% jump by the NYSE Arca Broker/Dealer Index. Computer hardware, software and networking stocks also turned in strong ...