The Dow Jones Industrial Average rose 35.32 points, or 0.10 percent, to 35,754.75. The S&P 500 was up 14.46 points, or 0.31 percent, to 4,701.21. The Nasdaq Composite Index added 100.07 points, or 0.64 percent, to 15,786.99.
Eight of the 11 primary S&P 500 sectors ended in green, with communication services and health care up 0.75 percent and 0.74 percent, respectively, leading the gainers. Financials slipped 0.46 percent, the worst-performing group.
U.S.-listed Chinese companies traded mostly lower with seven of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a downbeat note.
The above market reactions followed two consecutive sessions of rallies on Wall Street, which saw the Dow jump 492 points on Tuesday after a nearly 650-point surge on Monday.
Stocks rebounded as "Omicron concerns fade," Kevin Matras, executive vice president at Zacks Investment Research, said Wednesday in a note.
"That's not to say that Omicron isn't a concern because it is. But the worst-case scenario that sank stocks a couple of weeks ago looks to be off the table as the variant appears to produce mild symptoms, and the vaccines and therapeutics are believed to offer protection," he added.
Latest comments