The Dow Jones Industrial Average jumped 177.10 points, or 0.68 percent, to 26,067.28. The S&P 500 was up 24.62 points, or 0.78 percent, to 3,169.94. The Nasdaq Composite Index increased 148.61 points, or 1.44 percent, to 10,492.50.
Shares of U.S. tech giants, the so-called FAANG group of Facebook, Apple, Amazon, Netflix and Google-parent Alphabet, all closed higher.
Six of the 11 primary S&P 500 sectors advanced, with technology 1.6 percent, leading the gainers. Materials ended 1.46 percent lower, the worst-performing group.
Meanwhile, U.S.-listed Chinese companies traded mostly higher, with nine of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note.
Wall Street was still cautious as coronavirus cases continued to surge in the country.
More than 3 million confirmed COVID-19 cases have been reported in the United States as of Wednesday afternoon with nearly 132,000 deaths, according to data from Johns Hopkins University.
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