The Nasdaq Composite notched its best one-day rise in a month after heavyweight tech stocks climbed, recovering from a morning sell-off.
The tech-heavy index rose 2.2 per cent on Wednesday, with gains accelerating in the late afternoon. Nvidia jumped 8 per cent, leading an advance for the rest of its Magnificent Seven peers.
The Nasdaq rose for its third consecutive session, along with the benchmark S&P 500, which added 1.1 per cent. The small cap-focused Russell 2000 rose 0.3 per cent.
Ten-year Treasuries sold off, ending a six-session rally in the benchmark note’s price. Its yield, which moves inversely to price, rose 0.02 percentage points to 3.66 per cent.