The Dow Jones Industrial Average rose 267.63 points, or 1.05 percent, to 25,742.65. The S&P 500 was up 25.09 points, or 0.82 percent, to 3,080.82. The Nasdaq Composite Index increased 56.33 points, or 0.59 percent, to 9,608.37.
All the 11 primary S&P 500 sectors rallied, with energy and materials up 2.65 percent and 1.76 percent, respectively, outpacing the rest.
Protests and riots have continued in cities across the United States over the death of African American George Floyd.
Investors closely monitored the nationwide unrest as the combination of riots on top of a pandemic could cause lasting economic scars, experts noted.
"The strength of the economic bounce-back is dependent on keeping fear as low as possible. Fear is likely to remain high across the political spectrum while this unrest continues," said analysts at UBS in a note.
Latest comments