Stocks jumped on Wednesday as investors anxiously awaited potentially aggressive action from the Federal Reserve to tame surging inflation.
The Dow Jones Industrials came off their highs of the morning, but still led Tuesday's close by 184.74 points to 30,549.57.
The S&P 500 retained gains of 38.25 points, or 1%, to 3,773.73.
The NASDAQ Composite jumped 190.88 points, or 1.8%, to 11,019.02.
Communication services and consumer discretionary led the rally, gaining roughly 2% as technology stocks Tesla, Amazon, Apple and Alphabet rose. Financials also staged a 1.6% rebound while shares of Boeing, Goldman Sachs and Cisco brought the Dow higher.
Beaten-up travel names also bounced back, with cruise stocks Carnival surged 3% and Norwegian Cruise Line rising about 4%. Shares of airline stocks including Delta and United also rose about 4% each.
Treasury prices jumped, lowering yields to 3.40% from Tuesday's 3.47%. Treasury prices and yields move in opposite directions.
Oil prices fell back $1.29 to $117.64 U.S. a barrel.
Gold prices acquired nine dollars to $1,822.50 U.S. an ounce.