Stocks rose broadly Wednesday, as strong gains in tech helped the NASDAQ rebound after a losing session. Sentiment was also lifted by easing concerns around the state of the banking sector.
The Dow Jones Industrials leaped 204.44 points to 32,598.69.
The S&P 500 recovered 40.21 points, or 1%, to 4,011.48.
The NASDAQ rumbled ahead 158.69 points, or 1.4%, to 11,874.77.
Big Tech shares also rose, with Meta, Amazon, Netflix and Apple all gaining more than 1%.
Micron shares climbed more than 5% after the chipmaker posted its fiscal second-quarter figures. Other semiconductor names followed Micron higher. Nvidia and AMD both popped more than 1%
Regional banks rose broadly. Big banks such as Citigroup and Goldman Sachs also advanced.
On the economic front, U.S. pending home sales gained 0.8% last month, with sales 21.1% lower than a year earlier. Economists polled by Dow Jones forecast a decline of 3% in February, down from a rise of 8.1% the previous month.
Prices for the 10-year Treasury regained lost strength, lowering yields to Tuesday's 3.56%. Treasury prices and yields move in opposite directions.
Oil prices added 35 cents to $73.55 U.S. a barrel.
Gold prices gave back $5.30 to $1,985.10 U.S. an ounce.